Tianyuan Environmental Protection (301127.SZ) announced on August 5th that on July 10, 2024, it received the "Winning Notice" sent by Guangxi Jianlong Engineering Consulting Co., Ltd. and was determined to be a member of the consortium, formed a consortium with Guangxi Nanning Waterworks Co., Ltd. (hereinafter referred to as "Green City Water") as the lead, and won the bid for the Six-View Industrial Park Water Purification Plant and the Southern Water Purification Plant in the Six-View Industrial Park, which are social capital procurement projects for franchise operation (hereinafter referred to as the "Project"). Recently, the Company and Green City Water (hereinafter referred to as the "Party B") signed the Six-View Industrial Park Water Purification Plant and the Southern Water Purification Plant Franchise Agreement with the Housing and Urban-Rural Development Bureau of Hengzhou City (hereinafter referred to as the "Party A").
The company will establish a project company with Green City Water in Hengzhou City (Green City Water holds 51% of the shares, and the company holds 49% of the shares), as the main body responsible for the implementation of this franchise project, including investment and financing, construction, operation, and maintenance. The total estimated investment of the project is about 1.37 billion yuan, and the near-term implementation is approximately 0.702 billion yuan.