Wuxi Xuelang Environmental Technology (300385.SZ) subsidiary plans to terminate solid waste resource utilization project.

Announcement from Wuxi Xuelang Environmental Technology (300385.SZ): The company's controlling subsidiary, Nanjing Zhuoyue Environmental Protection Technology Co., Ltd., plans to terminate the investment and construction of the solid waste resource utilization project. As of the date of this announcement, the preliminary work for project safety assessment, occupational health assessment, environmental impact assessment, and energy impact assessment of the Nanjing Zhuoyue resource utilization project has been completed. However, considering the comprehensive factors such as current industry policies, market environment changes, production and management, and a comprehensive evaluation of the specific implementation of the project, the company believes that the implementation conditions of the project have significantly changed. Continuing with the implementation poses a high risk, and the expected benefits of investment and construction are difficult to achieve.