On the morning of February 21, 2019, Quanzhou Xingyuan Plastic Co., Ltd. (hereinafter referred to as "Xingyuan Company") solemnly organized a shareholders' meeting, a meeting of the first board of directors, and a meeting of the first board of supervisors. Zhang Jiabin, member of the Party Committee and deputy general manager of the Quanzhou Water Group, and Xu Xuhui, deputy manager of the investment and development department of the Water Group, attended the meeting and gave guidance. Lan Qiang, Du Qinghui and Huang Long, general managers of Fujian Lanshen Environmental Technology Co., Ltd. (hereinafter referred to as “Lanshen”) attended the shareholders meeting as shareholder representatives. The meeting heard and reviewed the general election of the board of directors of Quanzhou Xingyuan Plastic Co., Ltd. The election and the amendments to the company's articles of association have elected members of the first board of directors and members of the first board of supervisors.

Lanshen, Quanzhou Water Supply Co., Ltd. and Quanzhou Water Engineering Co., Ltd. jointly funded the acquisition of 100% equity of Xingyuan Company and became the controlling shareholder. Zhang Jiabin, member of the party committee and deputy general manager of Quanzhou Water Group, said: "I believe that under the leadership of Quanzhou Water Group and under the leadership of the new leadership team, Xingyuan can continue to carry forward its own brand advantages and foreign investment in the company. Taking advantage of the domestic investment, relying on the resource advantages of Quanzhou Water Group, we will further strengthen and become bigger and better."

After the acquisition of Lanshen, the first board meeting of Xingyuan Company elected Lan Qiang as chairman of the first board of directors, Fan Wenbo as vice chairman of the first board of directors, appointed Mr. Yang Jiping as general manager, and Mr. Shi Yudong as chief financial officer; the first board of supervisors One meeting elected Wen Min as the chairman of the first supervisory committee. The successful holding of the shareholders' meeting, the first meeting of the board of directors and the board of supervisors marked the improvement of the corporate governance structure of Xingyuan Company and officially entered a new stage of operation and development.