[Strait Environmental Protection: There are currently no equity investments or mergers and acquisitions plans that have been finalized and need to be disclosed] On November 9th, Strait Environmental Protection stated at the third quarter 2026 performance briefing that the company’s strategy is mainly endogenous growth, and external mergers and acquisitions and equity investments will be carried out prudently around the main business, and will not blindly invest externally. In terms of priority, the company gives priority to the collaborative targets of municipal and industrial wastewater treatment and consolidates the fundamentals of its main business; the second is the direction of solid waste resource utilization and laying out the circular economy track; smart water affairs currently rely more on independent research and development and technical cooperation, and external mergers and acquisitions will be more prudent. As of now, the company has no equity investment or merger plans that have been finalized and need to be disclosed.