金科环境股份有限公司关于《锡东工业污水处理项目特许经营协议》终止的进展公告

Core Viewpoint - The termination of the "Xidong Industrial Wastewater Treatment Project" franchise agreement is due to the inability of the company to collect wastewater treatment fees sufficient to ensure normal operation and investment returns, leading to a buyback agreement with the designated entity [2][4][27]. Group 1: Overview of Franchise Agreement and Termination - The franchise agreement was signed in September 2023, with a 30-year term, allowing the company to manage the wastewater treatment project [3]. - The agreement stipulated that if the project could not operate normally for three consecutive months due to insufficient fee collection, the designated entity would have the right to buy back the project [3][4]. Group 2: Buyback Agreement Details - The buyback agreement was signed in December 2025, with a total transaction price of RMB 158.1871 million [2][8]. - As of the announcement date, the company has received the first payment of RMB 116.2 million [2][5]. Group 3: Financial and Asset Transfer Information - The total asset value of the project company as of March 31, 2025, was RMB 194.9142 million, with a net asset value of RMB 56.6192 million [7]. - The buyback payment structure includes three installments, with specific conditions for each payment [9][11][12]. Group 4: Impact on the Company - The termination of the franchise agreement is not expected to have a significant impact on the company's operating performance or financial status, and it will help optimize the asset structure and reduce financial risks [27].