Xingyuan Environment Technology's subsidiary, Xing'ao Environment, signs debt transfer agreement.

Xingyuan Environment Technology (300266.SZ) announced that its holding subsidiary, Aohan Xing'ao Environment Development Co., Ltd. (hereinafter referred to as "Xing'ao Environment"), plans to sign a "Debt Transfer Agreement" and "Supplementary Agreement" with Chifeng Xinghui Transportation Development Co., Ltd. (hereinafter referred to as "Xinghui Transportation"). The agreements stipulate that Xing'ao Environment will transfer all remaining debts owned by the Aohan Qi City Complex Transformation and Ecological Protection Construction PPP project to Xinghui Transportation, and Xinghui Transportation agrees to acquire the debts and obtain all rights and related benefits. This debt transfer will better mitigate the company's debt risks, improve cash flow, reduce bad debt losses, and enhance the company's financial condition. Based on preliminary calculations, including the discount amount of the debt and the bad debt losses already provided by the company, this debt transfer is expected to increase the company's income by 946,700 yuan.