Securities code: 000685 securities abbreviation: Zhongshan Public Utilities Group Co.Ltd(000685) Announcement No.: 2022-004 Zhongshan Public Utilities Group Co.Ltd(000685) announcement on phase III expansion project of Zhongshan sewage treatment Co., Ltd
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview
1. In order to implement the development strategy of Zhongshan Public Utilities Group Co.Ltd(000685) (hereinafter referred to as “the company”) “deep ploughing, tapping potential and municipal environmental protection”, according to the overall work plan for water pollution control in Zhongshan City, in order to accelerate the expansion of the sewage plant in the central urban area, the company will carry out phase III expansion of the wholly-owned subsidiary Zhongshan sewage treatment Co., Ltd. (hereinafter referred to as “phase III expansion project”), The capacity expansion scale is 200000 tons / day, and the total investment is estimated to be 977.65 million yuan. 2. The company held the 1st interim meeting of the 10th board of directors in 2022 on January 13, 2022, deliberated and approved the proposal on phase III expansion project of Zhongshan sewage treatment Co., Ltd., and agreed to the establishment of phase III expansion project of Zhongshan sewage treatment Co., Ltd.
3. The expansion project does not constitute a connected transaction, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of the project
1. Project Name: phase III expansion project of Zhongshan sewage treatment Co., Ltd
2. Nature of project construction: expansion
3. Project construction scale and content: the expansion scale of phase III expansion project is 200000 tons / day. The main construction contents include coarse grid and lifting pump room, fine grid and grit chamber, biochemical tank and sedimentation tank, high-efficiency sedimentation tank, sand filter, ultraviolet disinfection, supporting blower room, ultraviolet disinfection channel, complex building and other facilities.
4. Project investment quota: the total investment is estimated to be 977.65 million yuan, and the source of funds is self owned or self raised funds.
3、 Purpose, existing risks and impact on the company of the expansion project
(I) purpose of the expansion project
At present, the amount of sewage in the central urban area is growing rapidly, and the existing treatment scale of the sewage plant is difficult to meet the demand. According to the overall work plan for water pollution control in Zhongshan City, the capacity expansion scale of phase III expansion project is 200000 tons / day. The phase III expansion project is the action of the company, as a municipal state-owned enterprise, in response to the deployment of the city’s water pollution control work, in line with the company’s strategic planning, do a good job in ensuring people’s livelihood services, shoulder the responsibility of water control and remediation, and help the construction of ecological civilization in Zhongshan City.
(II) possible risks of the expansion project
In case of sudden factors such as force majeure, other unpredictable reasons, policy adjustment and other uncertain factors during the implementation of phase III project expansion, there is uncertainty in the project progress and later implementation; The company will timely perform the obligation of information disclosure in accordance with relevant laws and regulations. Please invest rationally and pay attention to investment risks.
(III) impact of the expansion project on the company
The expansion of phase III project is in line with the company’s development strategy of focusing on environmental protection and water affairs. It will further expand the company’s sewage treatment business scale and improve operation efficiency, and will not affect the company’s daily operation and the development of its main business.
The expansion project is conducive to give play to the advantages of the company’s sewage operation, improve the market share and influence, and consolidate the company’s competitive advantage in sewage treatment in Zhongshan City.
4、 Documents for future reference
Resolution of the 1st extraordinary meeting of the 10th board of directors in 2022.
It is hereby announced.
Zhongshan Public Utilities Group Co.Ltd(000685) board of directors
January 13, 2002
