Xingyuan Environment: Plans to issue A-shares to specific targets to raise no more than 497 million yuan

Xingyuan Environment announced that the company will hold a board of directors and supervisory board meeting on May 12, 2025, to review and approve the plan for issuing A-shares to specific targets. The issuance target is the company's controlling shareholder, Jin Feng Technology, with the number of shares not exceeding 240 million and the total amount of funds raised not exceeding 497 million yuan. After the completion of the equity change, Jin Feng Technology and its concerted actors will collectively hold 28.13% of the voting rights of the listed company, with the actual controller remaining the State-owned Assets Supervision and Administration Center of Fenghua District