Shandong Chiway Industry Development stated on the interactive platform that as of June 30, 2024, the main projects of the company's landscaping business have basically completed final settlement, forming a total original value of accounts receivable of about 4.2 billion yuan, all of which are receivables from local governments and platform companies. Recovering project receivables has always been a core issue for the company, and the company has been continuously actively urging local governments, state-owned platforms, and owners to collect receivables. However, due to local debt issues, there has been little progress in the early stage. Recently, the company has successively received visits from relevant leaders, and all parties have candidly faced the debt issue, actively negotiated debt restructuring ideas, demonstrating a positive and proactive side. In addition, the country has continuously emphasized the importance of resolving local debts. The recently held press conference of the Ministry of Finance also stated that it plans to increase debt limits on a one-time basis on a large scale, replace local government stock hidden debts, and increase efforts to support local debt risk resolution. The company will also seize the national policy opportunities, accelerate the company's debt cooperation with local governments, state-owned platforms, and owners, and strive to resolve the company's accounts receivable recovery issues in an orderly manner as soon as possible.