Core Viewpoint - The company, Xingyuan Environment, has received an inquiry letter from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, and has provided detailed responses to the questions raised in the inquiry [1] Group 1 - The company received the inquiry letter on December 26, 2025 [1] - The company responded to the inquiry on January 30, 2026, addressing each question raised [1] - The company updated the content of the fundraising prospectus and other application documents [1]

Core Viewpoint - The company, Xingyuan Environment, has disclosed two significant lawsuits involving its subsidiaries, with a total amount of approximately 80.37 million yuan, currently in the first instance stage and not yet heard in court [1][2]. Group 1: Lawsuits - The wholly-owned subsidiary, Jiaxiang County Zhongrui Tourism Development Co., Ltd. (Zhongrui Company), has filed a lawsuit against the Jiaxiang County Government and Jiaxiang County Cultural Tourism Service Center for an administrative agreement dispute, claiming 52.55 million yuan [1]. - The lawsuit by Zhongrui Company is based on a PPP project contract signed in 2017, alleging that the defendants failed to fulfill their obligations, leading to project suspension [1]. - The second lawsuit involves the controlling subsidiary, Hangzhou Xingyuan Environmental Protection Equipment Co., Ltd. (Xingyuan Environmental), which is a counter-defendant in a sales contract dispute with Beijing Enfei Environmental Co., Ltd., claiming 27.82 million yuan [2]. - Enfei Environmental is seeking compensation for breach of contract, including a penalty of 8.2864 million yuan and actual losses of 19.5316 million yuan [2]. - Additionally, the company has disclosed nine minor lawsuits and arbitration matters, with amounts ranging from 16,000 yuan to 401,510 yuan, most of which are also in the first instance stage [2]. Group 2: Financial Performance - Xingyuan Environment has reported continuous losses from 2020 to 2024, with net profits attributable to shareholders of -529 million yuan, -36.03 million yuan, -552 million yuan, -990 million yuan, and -302 million yuan respectively [4]. - The company anticipates a net loss of 210 million to 240 million yuan for the year 2025, representing a decrease of 20.60% to 30.52% compared to the previous year [4]. - The reduction in losses is attributed to significant real estate demolition gains, debt restructuring benefits, and a decrease in average borrowing rates, which lowered financial expenses [4]. - However, the main reasons for continued losses include a high balance of interest-bearing liabilities and significant expected credit losses from receivables [4]. Group 3: Company Overview - Xingyuan Environment's main business focuses on agricultural rural ecology, environmental protection equipment, smart environmental solutions, and comprehensive environmental governance [3]. - The company's primary products include environmental protection equipment and smart environmental solutions [3]. - As of February 10, the company's stock price was 2.60 yuan per share, with a total market capitalization of 4.04 billion yuan [4].

Group 1 - The company, Xingyuan Environment (300266), announced that during the vacancy of the board secretary, the chairman, Mr. Wu Yongben, will temporarily assume the responsibilities of the board secretary [1] - The company will expedite the appointment of a new board secretary in accordance with legal procedures [1]

证券代码：300266 证券简称：兴源环境 公告编号：2026-009 兴源环境科技股份有限公司 关于董事会秘书辞职暨董事长代行董事会秘书职责的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴源环境科技股份有限公司（以下简称"公司"）董事会于近日收到公司董 事会秘书耿爽女士递交的书面辞职报告。耿爽女士因个人原因，申请辞去公司董 事会秘书职务，辞职后将不再担任公司任何职务，其辞职报告自送达董事会之日 起生效。 根据《公司法》《深圳证券交易所创业板股票上市规则》和《公司章程》等 相关规定，在公司董事会秘书空缺期间，暂由公司董事长邬永本先生代行董事会 秘书职责，公司将尽快按照法定程序完成新任董事会秘书的聘任工作。 邬永本先生代行董事会秘书职责期间联系方式： 联系电话：0571-88771111 电子邮箱：stock@xingyuan.com 联系地址：浙江省杭州市临平区望梅路 1588 号 特此公告。 截至本公告披露日，耿爽女士未持有公司股份，不存在应履行而未履行的承 诺事项，其辞职不会影响董事会的正常运作及公司日常经营管理。公司董事会对 耿爽女士在任职期间 ...

证券代码：300266 证券简称：兴源环境 公告编号：2026-010 兴源环境科技股份有限公司 关于子公司涉及重大诉讼的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 案件一： 1、案件所处的诉讼阶段：一审。 2、上市公司子公司所处的当事人地位：嘉祥县中瑞旅游开发有限公司为原 告。 3、案件涉案金额：5,255 万元。 4、是否会对上市公司损益产生负面影响：上述案件尚未开庭审理，公司目 前无法评估本次诉讼对公司财务状况、本期利润或期后利润的影响。 案件二： 1、案件所处的诉讼阶段：一审。 2、上市公司子公司所处的当事人地位：杭州兴源环保设备有限公司为反诉 被告。 3、案件涉案金额：2,782 万元。 4、是否会对上市公司损益产生负面影响：上述案件尚未公开开庭审理，公 司目前无法评估本次诉讼对公司财务状况、本期利润或期后利润的影响。 一、重大诉讼案件基本情况 案件一： 原告：嘉祥县中瑞旅游开发有限公司 被告一：嘉祥县人民政府 被告二：嘉祥县文物旅游服务中心 第三人：嘉祥县文化和旅游局 （二）诉讼请求 兴源环境科技股份有限公司（以下简称"公 ...

Group 1 - The core viewpoint of the news is that Xingyuan Environment's stock performance and financing activities indicate a high level of market activity, with significant fluctuations in financing and stockholder numbers [1][2]. Group 2 - As of January 30, Xingyuan Environment's stock price decreased by 0.79%, with a trading volume of 44.99 million yuan. The financing buy amount was 1.55 million yuan, while the financing repayment was 2.51 million yuan, resulting in a net financing buy of -0.95 million yuan [1]. - The total financing and securities balance for Xingyuan Environment reached 166.7 million yuan, accounting for 4.28% of its circulating market value, which is above the 90th percentile level over the past year [1]. - The company has not engaged in any short selling activities on January 30, with no shares sold or repaid, indicating a lack of short selling interest [1]. Group 3 - As of January 20, the number of shareholders for Xingyuan Environment was 31,000, a decrease of 3.12% from the previous period, while the average circulating shares per person increased by 3.23% to 50,092 shares [2]. - For the period from January to September 2025, Xingyuan Environment reported a revenue of 709 million yuan, reflecting a year-on-year growth of 1.21%. However, the net profit attributable to the parent company was -56.89 million yuan, which represents a significant increase of 63.10% compared to the previous year [2]. Group 4 - Since its A-share listing, Xingyuan Environment has distributed a total of 89.26 million yuan in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - Xingyuan Environment Technology Co., Ltd. is conducting a targeted stock issuance to its controlling shareholder, Jinpeng Technology, which will increase Jinpeng's shareholding to 24.19%, thereby consolidating its control over the company [1]. Group 1: Stock Issuance and Shareholding - The targeted issuance will raise funds entirely for replenishing working capital and repaying loans, serving as a significant measure for the company's financial relief [1]. - Before the issuance, Jinpeng Technology and its concerted parties held a total of 17.03% of the company's shares; post-issuance, Jinpeng will directly hold 434 million shares, increasing its stake to 24.19%, with the total shareholding of Jinpeng and its concerted parties reaching 28.13% [1]. Group 2: Financial Performance - The company has shown a significant reduction in losses over recent years, with net profits attributable to shareholders recorded as -36.03 million in 2021, -552.14 million in 2022, -989.74 million in 2023, and -302.26 million in 2024, indicating a 69.46% reduction in losses from 2023 to 2024 [1]. - For the first nine months of 2025, the net profit was -78.05 million, reflecting a reduction of over 50% compared to the same period last year [1]. Group 3: Business Compliance and Operations - The company's main business includes environmental equipment manufacturing, comprehensive environmental governance, and energy storage, classified under the "Ecological Protection and Environmental Governance Industry," which is not in an overcapacity or restricted industry [2]. - As of the report date, the company has no ongoing or planned projects, and all 70 completed projects comply with the 2024 Industrial Structure Adjustment Guidance, not falling under eliminated or restricted categories [2]. - The report confirms that the fundraising does not involve specific project construction and does not indirectly fund high-energy consumption or high-emission projects [2]. Group 4: Administrative Penalties and Asset Management - The company has faced nine administrative penalties in the ecological environment sector over the past 36 months, all under 500,000 yuan, and has completed all required rectifications [2]. - The company rents out properties totaling 8,796.29 square meters, generating rental income of 5.35 million yuan in 2024, which accounts for less than 2% of total revenue, aimed at improving the efficiency of idle assets [3].

证券代码：300266 证券简称：兴源环境 公告编号：2026-007 公司本次向特定对象发行股票事项尚需深交所审核通过，并获得中国证券监 督管理委员会（以下简称"中国证监会"）同意注册后方可实施，最终能否通过 深交所审核，并获得中国证监会作出同意注册的决定及其时间尚存在不确定性。 公司将根据上述事项进展情况，严格按照有关法律法规的规定和要求及时履行信 息披露义务，敬请广大投资者注意投资风险。 兴源环境科技股份有限公司 2026 年 1 月 30 日 关于申请向特定对象发行股票的审核问询函之回复 特此公告。 兴源环境科技股份有限公司董事会 及募集说明书等申请文件更新的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴源环境科技股份有限公司（以下简称"公司"）于 2025 年 12 月 26 日收到 深圳证券交易所（以下简称"深交所"）出具的《关于兴源环境科技股份有限公 司申请向特定对象发行股票的审核问询函》（审核函〔2025〕020083 号）（以下 简称"《问询函》"）。深交所审核机构对公司向特定对象发行股票申请文件进行了 审核，并形成了问询问题 ...

| 四川华信(集团)会计师事务所 | 地址:成都市洗面桥街 号金茂礼都南 18 28 | | --- | --- | | | 楼 | | （特殊普通合伙） | 电话:（028）85560449 | | | 传真:（028）85560449 | | | 邮编: 610041 | | SI CHUAN HUA XIN (GROUP) CPA (LLP) | 电邮: schxzhb@hxcpa.com.cn | 关于兴源环境科技股份有限公司 申请向特定对象发行股票的审核问询函 之回复 川华信综 B2026 第 0011000 号 深圳证券交易所： 四川华信（集团）会计师事务所（特殊普通合伙）（以下简称"四川华信"、"会计师"或"我 们"）审计了兴源环境科技股份有限公司（以下简称"兴源环境"、"发行人"或"公司"）2022 年 度、2023 年度及 2024 年度的财务报表，并于 2023 年 3 月 30 日出具了川华信审（2023）第 0033 号无保留意见审计报告；于 2024 年 4 月 25 日出具了川华信审（2024）第 0022 号无保 留意见审计报告；于 2025 年 4 月 25 日出具了川华信审（ ...

证券代码：300266 证券简称：兴源环境 公告编号：2026-008 兴源环境科技股份有限公司 关于变更向特定对象发行股票保荐代表人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特此公告。 兴源环境科技股份有限公司董事会 2026 年 1 月 30 日 附件：李质琦先生简历 李质琦，保荐代表人，硕士研究生学历，中国注册会计师协会非执业会员， 法律执业资格。现任甬兴证券有限公司投资银行部业务副总裁，负责或参与的项 目有：上海建冶科技股份有限公司 IPO 项目辅导尽职调查工作、江苏达海智能科 技有限公司 IPO 项目辅导尽职调查工作、广东新大禹环境科技股份有限公司 IPO 项目辅导尽职调查工作等。 兴源环境科技股份有限公司（以下简称"公司"）于近日收到甬兴证券有限 公司（以下简称"甬兴证券"）发来的《甬兴证券有限公司关于变更保荐代表人 的专项说明》。公司向特定对象发行股票项目的保荐代表人之一樊友彪先生因个 人身体原因，不再担任本次向特定对象发行股票项目的保荐代表人。为保证后续 工作的有序进行，甬兴证券委派保荐代表人李质琦先生（简历详见附件）接替樊 友彪 ...