Shandong Chiway Industry Development announced that the company and its subsidiary Chongqing Huayu Landscaping have signed an agreement of intent to transfer debt with Jianyang Sen Da Hua Xiong Enterprise Management Partnership Enterprise. Huayu Landscaping intends to transfer about 0.18 billion yuan of principal and interest receivables generated under the Jianyang project contract to Jianyang Sen Da. After the agreement is signed, Jianyang Sen Da will need to pay a transaction intention fee of 20 million yuan. This agreement is a framework agreement, with plans to sign a formal debt transfer agreement before December 10, 2024. If the transaction is successfully implemented, it will help accelerate the company's receivables funding inflow, improve cash flow, and optimize the asset-liability structure. After the transaction is completed, it is expected to increase the company's loss amount, with the specific amount subject to formal agreement confirmation.