Grandway Advised Dongjiang Environmental on Non-Public Offering of A- Shares Successfully Approved by CSRC

On January 9, 2023, Dongjiang Environmental Company Limited (stock code SZ002672, HK00895, “Dongjiang Environmental”) was approved by the Issuance Appraisal Committee of China Securities Regulatory Commission for its application for a non-public offering of A-shares.

Dongjiang Environmental is a full-service provider of solid waste treatment and environmental protection services with industrial hazardous waste treatment as its core, covering the resource utilization and harmless treatment of industrial and municipal waste, and the recovery of rare metals, as well as the development of wastewater treatment, environmental engineering, environmental testing and other businesses, through a complete industrial chain of waste collection and transportation, resourceful and comprehensive treatment, harmless treatment and disposal. Dongjiang Environmental customizes and provides one-stop environmental protection services for enterprises at different stages of development, and also can provide total solutions for municipal waste management. The company has outstanding advantages in terms of comprehensive hazardous waste treatment qualification and hazardous waste disposal capacity.

The number of shares to be issued by Dongjiang Environmental will not exceed 263,780,130 A-shares (including this number) and the total proceeds will not exceed RMB 1.2 billion, with the controlling shareholder, Guangdong Rising Assets Management Co., Ltd., subscribing for no less than 25.72% of the total issue (including this number).