Announcement Pursuant to Rule 703 of The Listing Manual

UPDATE ON ISSUANCE OF LETTER OF DEMAND BY THE COMPANY’S SUBSIDIARY, WUHAN KAIDI WATER SERVICE CO., LTD., IN RESPECT OF CLAIMS FOR THE AMOUNT DUE AND OWING BY SHANGHAI HUAYUN ENVIRONMENTAL TECHNOLOGY CO., LTD., (上海华蕴环保科技有限公司)