Yinhua Shaoxing Yuan Shui Water Resources Real Estate Investment Trust (REIT): The original water income of the Tangpu Reservoir project in the first quarter decreased by 68.8% year-on-year.

On April 3rd, YinHua Fund released a temporary announcement on the operating situation of the YinHua Shaoxing YuanShui Water Resources REIT for the first quarter. The amount of raw water supplied and the raw water income for the first quarter of 2026 under this REIT project in Shaoxing City exceeded a 20% year-on-year change. Specifically, the amount of raw water supplied by the Shaoxing Tangpu Reservoir Project in the first quarter was 20.6278 million cubic meters, a year-on-year decrease of 68.8%; achieving a raw water income of 13.2178 million yuan, a year-on-year decrease of 68.8%. This event will have a negative impact on the project company's first quarter income, profit margin, and cash flow, which will in turn affect the distribution of current fund returns to fund shareholders, potentially having a certain impact on the annual operating performance. The announcement shows that as of April 2nd, the water level of the Tangpu Reservoir was 18.09 meters, and the level I emergency response for raw water has not been lifted, with the water supply from the Tangpu Reservoir continuing to be restricted.