Luyin Ecology: Early Termination and Debt Restructuring of Fengzhen City Longshengzhuang PPP Project

Luyin Ecology Announcement: the company’s controlling subsidiary Fenglong Ecology and the Fengzhen City Finance Bureau have signed the “Fengzhen City Longshengzhuang Town Cultural Heritage Protection and Tourism Development Construction Project (Phase I) Government and Social Capital Partner Cooperation (PPP) Project Contract,” which has been terminated early. The debt restructuring plan involves a total project cost of 3.55 billion yuan, of which the Fengzhen City Finance Bureau has paid 1.38 billion yuan as of December 19, 2025; the remaining 2.17 billion yuan will be paid in three years. The project termination takes effect on January 1, 2026. It will have a relatively small impact on the company’s profits; in 2026, an additional operating cash inflow of 1.38 billion yuan to 1.81 billion yuan will be added.
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