Abstract
The transitional phase between the asymptotic giant branch (AGB) and post-AGB phases holds the key to our understanding of the late-stage metamorphosis of intermediate-mass stars. In particular, high velocity jets forming during this phase are suggested to contribute significantly to the shaping of planetary nebulae. For oxygen-rich stars, the rare "water fountains (WFs)" have been regarded as representative objects in this phase, and it is important to identify more of them for further studies. Here we briefly report the results of our latest OH and H2O maser surveys in which a new WF candidate (IRAS 19356+0754) was found. We also performed radiative transfer modelling on the spectral energy distributions (SEDs) of all known WFs. It is concluded that WFs might in fact not be the transitional objects, as opposed to previous belief. WFs could be AGB or post-AGB stars with no obvious similarities amongst their SEDs. Further efforts are still needed to improve the identification criteria.