Xinjiang Sailing Information Technology (300588.SZ) subsidiary Shanghai Xiling plans to restructure some of its accounts receivable.

Announcement of Xinjiang Sailing Information Technology (300588.SZ): The company's wholly-owned subsidiary, Shanghai Xinjiang Sailing Information Technology Technology Co., Ltd., as a creditor, has reached a debt restructuring plan with the debtor, a certain county judicial bureau, regarding part of the project receivables. It is expected that the company will be able to recover receivables of 736.9079 million yuan through this debt restructuring.