SIIC Environment Technology

Shanghai Industrial Environment (00807) announced its wholly-owned subsidiary SIIC Environment Technology, along with subsidiaries of Shanghai Industrial Group and Shanghai Overseas Company, signed a joint venture agreement to establish a Hong Kong-based joint venture for capital investment in Chinese environmental industry enterprises, particularly in the Yangtze River Delta region. The joint venture also agreed to subscribe as a cornerstone investor for approximately HKD 52.75 million in Taizhou Water H-shares.