ST West: China Xin Partnership Enterprise Debt Transfer, the company intends to credit 1 yuan.

ST XIFA announced the progress of the liquidation of Suzhou Huaxin Shanda Li Venture Capital Enterprise. Huaxin partnership enterprise was established in 2016, with a contribution of 300 million from the listed company, accounting for 50%. In February 2023, the court accepted the liquidation application from China Guangdong Nuclear Power Holding Co., Ltd., and the subsequent liquidation plan was approved. Today, the company received a "Debt Transfer Agreement", as Huaxin partnership enterprise was unable to fulfill its obligation to repurchase the debts, the debts were distributed in the form of debt transfer. The debts involve a debtor named Wu Wei, including equity repurchase funds, which remained unpaid after three failed auctions. Huaxin partnership enterprise transferred the debts to Tibet Development and China Guangdong Nuclear Power Holding Co., Ltd., with Tibet Development owning 60%. The company stated that the debts were non-performing debts and will be recorded at a nominal value of 1 yuan, with no financial impact.