Xingyuan Environment: Subsidiary waives the right of first refusal to purchase 35% equity transfer of Xinzhishu Neng.

Xingyuan Environmental announced that on July 3, 2026, the 23rd meeting of the sixth board of directors of the company approved the proposal of the subsidiary to waive the preemptive purchase right for the transfer of equity. Xinzhi Carbon, a wholly-owned subsidiary, holds 65% of the equity in Xinzhi Neng, and Ningbo Renli holds 35% of the equity, the latter of which intends to transfer the equity to Ningbo Qianli. As of the end of 2025, Xinzhi Neng had a revenue of 48.0185 million yuan and a net profit of 3.1597 million yuan; as of March 2026, the revenue was 19.4762 million yuan and the net profit was 3.7053 million yuan. After the transfer, Xinzhi Carbon's shareholding remains unchanged, and it does not affect its actual control and the scope of the company's consolidated financial statements.