Shi’s Competitors

Veolia, a global leader in environmental services, works every day to build environmental security for the benefit of public health and the competitiveness of industries and regions. With 215,000 employees across five continents, working closely with local communities, and thanks to its cutting-edge technologies, the group cleans up pollution, reduces carbon emissions, and regenerates resources through concrete solutions that combine its expertise in water and water technologies, waste - including hazardous waste management, and local energy. In 2025, the Veolia group served 110 million people with drinking water and 97 million with sanitation, produced 45 million megawatt hours of energy, and treated 64 million tons of waste. Veolia Environnement (Paris Euronext: VIE, Fortune 500, SBF 120) generated consolidated revenue of €44.4 billion in 2025. www.veolia.com.

The Hera Group is the first Italian coalescence of municipally owned companies that (adopting a multi-business approach oriented to the creation of shared value for all stakeholders) manages the supply of energy, water and environmental services, as well as public lighting and telecommunications to citizens and businesses. Founded in 2002 and listed on the Italian stock exchange in 2003, Hera has made its direct relationship with the territory a real asset that has improved its resilience and ability to drive change: ecological transition, circular economy and innovation. Within the national context, the prime position of our Group can be detected from its statistics: more than 9,400 employees work to offer tailor-made services for customers and businesses, and to meet the needs of 4.2 million citizens in 311 municipalities located in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche and Tuscany. Page update 31 december 2022

The core activity of AdP group involves the integrated management of the urban water cycle and spanning all of its respective phases, ranging from the capture, treatment and distribution of water for public consumption to the collection, transport, treatment and disposal of urban and industrial wastewaters and including their recycling and reuse. Through its different companies, the group has a nationwide presence in Portugal, providing services to municipalities that simultaneously serve as shareholders in the companies managing multi-municipal systems (“upstream” systems), and directly serving the populations through municipal systems (“downstream” systems) providing water and sanitation systems. The group also operates in international markets, in association with local partners as well as other Portuguese companies in the sector, with operations in various Portuguese speaking countries and other markets, namely through the signing of technical assistance contracts across the fields of water supply and sanitation.