| Year 2007 |

|
Feb |
First additional issue of shares after the change of company name |

|
Mar |
Second additional issue of shares after the change of company name |

|
Apr |
Merger with and acquisition of Linyi Phoenix Water Industry Company Limited in Shandong Province
(山東省臨沂鳳凰水務有限公司) |

|
Apr |
Entered into a letter of intent with the government of Shangqiu City, Henan Province in relation to the proposed establishment of a joint-venture company and a regional water affairs group |

|
Jul |
Merger with and acquisition of Shangqiu Zhengyuan Water Industry Co. Ltd. and Linyi Ganghua Water Industry Company Limited |

|
Jul |
Entered into a letter of intent with the government of Yingtan City, Jiangxi Province in relation to the proposed establishment of a joint-venture company and a regional water affairs group |

|
Aug |
First issue of convertible bonds after the change of company name |

|
Aug |
Entered into a letter of intent with the government of Duyun City, Qiannan Autonomous Prefecture, Guizhou Province in relation to the proposed establishment of a joint-venture company and a regional water affairs group |

|
Sep |
Merger with and acquisition of Hainan Danzhou Water Supply Company (海南省儋州市供水公司) |

|
Sep |
Entered into a letter of intent with the government of Linyi City, Shandong Province in relation to the proposed establishment of a joint-venture company and a regional water affairs group |