shenghui clean (02521.HK) announced that it has proposed to allocate up to a maximum of 94.57 million yuan convertible bonds. The company and the allocation agent mutually agreed to terminate the allocation agreement immediately, and all parties to the contract are not allowed to make any claims against each other on any matters arising from or related to the allocation agreement.

The company believes that terminating the allocation agreement and the proposed allocation matters will not have a significant adverse impact on its business operations and financial condition.