Dianchi Water (03768) was listed as the executee company and Zeng Feng, the legal representative, was taken to restrict consumption

Zhitong Finance App News, Dianchi Water (03768) announced that the company is implementing an information disclosure network in China (https://zxgk.court.gov.cn/)关注到(i)公司被列为被执行人;及(ii)公司及公司法定代表人、执行董事及董事长曾锋先生被采取限制消费措施).

According to information published by the China Executive Information Disclosure Network, the People's Court of Chenggong District of Kunming City listed the company as an executee in the case where the applicant Guizhou Construction Engineering Group Fourth Construction Engineering Co., Ltd. applied to execute the company's construction contract dispute in the specified period (subject of execution: approximately RMB 20.087 million), and restricted the company and Mr. Zeng Feng, the company's legal representative, from carrying out the following high consumption and consumption behaviors not necessary for life and work: (i) Choosing a soft bed and sleeping on a plane or train during the specified period , Class 2 or higher class on ships; (ii) High spending at places such as hotels, nightclubs, golf courses, etc.; (iii) buying real estate or newly built, expanded, or decorated houses; (iv) renting high-end office buildings, hotels, apartments, etc.; (v) purchasing non-essential vehicles; (vi) traveling, vacations; (vii) attending private schools with high fees; (viii) paying high premiums to purchase insurance and wealth management products; and (ix) taking all seats on G-shaped trains, other EMU trains, first class or higher seats, etc. Other non-standard Consumption behavior necessary for life and work. Consumption restrictions take effect from the date the consumption restriction order is issued, and are lifted after fulfilling the obligations determined by the legal instruments in force.

Regarding the above case, the company is actively communicating with the relevant parties. The company will continue to monitor the progress of the relevant incident and promptly fulfill the corresponding information disclosure obligations in accordance with laws and regulations. To avoid confusion, the company hereby explains that the above case is not a development of the lawsuit with Guizhou Construction Engineering Group Co., Ltd. disclosed in the company's announcement dated November 4, 2025; in the lawsuit with Guizhou Construction Engineering, the company is planning to make cash payments related to the Guizhou Construction Industry and Commerce Conference.

The announcement stated that the above matters will not affect the normal operation of the company and will not have a significant impact on the company's main business or ability to operate continuously. As of the date of this announcement, the company's operations have remained normal.