1. The Finance Bureau of Fenghua District, Ningbo City intervened and became the actual controller of Xingyuan Environment through "voting entrustment+private placement". This move not only provides important financial support for the company, but also contributes to business integration and strategic transformation. Secondly, Xingyuan Environment decided to take filter press equipment manufacturing as the industrial base and energy storage business as the new development direction. This strategic transformation is expected to bring new growth opportunities for the company.
2. Hangzhou Xingyuan Environmental Protection Equipment Co., Ltd., a subsidiary of Xingyuan Environment, also plans to introduce Ningbo Fenghua Xingfeng Guoxin Investment Management Co., Ltd. through capital increase and share expansion to further strengthen cooperation with local capital. In addition, Xingyuan Environment also plans to raise liquidity through equity financing to repay loans and improve future profitability.