NXZ plans to make significant adjustments to the original major asset restructuring plan

NXZ announced a significant adjustment to its original major asset restructuring plan due to uncertainties in the recovery of subsidy funds for the Phase III and IV projects of the Electric Investment New Energy Sun Mountain Wind Farm. The company intends to separate this project from the injected assets and adjust the transaction price, with the counterparty being Ningxia Electric Investment. The injected assets will be 100% equity of Electric Investment New Energy, while the divested assets will include all assets and liabilities except for retained cash and equivalents. This adjustment will be settled in cash for the price difference, and no shares will be issued or supporting funds raised