Zhitong Finance App News, Energy Saving Guozhen (300388.SZ) announced that due to policy adjustments by the Ministry of Finance starting in 2023, the storage work of the PPP project for urban ecological water environment management in Hailing District of Taizhou City has not been included in the Ministry of Finance's national PPP project management bank, and objectively there is no possibility of storage. This is a policy reason not attributable to both parties. There is no realistic basis for the continued execution of PPP project-related contracts. After careful research between the Consortium and the Taizhou Hailing District Government, an agreement was reached on the basis of legal compliance and mutual assistance and understanding, and the two sides agreed to terminate the Taizhou Hailing District Urban Ecological Water Environment Management PPP Project.

Zhitong Finance App News, Energy Saving Guozhen (300388.SZ) announced that due to policy adjustments by the Ministry of Finance starting in 2023, the storage work of the PPP project for urban ecological water environment management in Hailing District of Taizhou City has not been included in the Ministry of Finance's national PPP project management bank, and objectively there is no possibility of storage. This is a policy reason not attributable to both parties. There is no realistic basis for the continued execution of PPP project-related contracts. After careful research between the Consortium and the Taizhou Hailing District Government, an agreement was reached on the basis of legal compliance and mutual assistance and understanding, and the two sides agreed to terminate the Taizhou Hailing District Urban Ecological Water Environment Management PPP Project.