According to the Jigao Development announcement, recently, the company was exempted from investment debts of the controlling shareholder Gaoxin Urban Construction and related parties Shunzheng. High-tech Urban Construction Exempt Company and its subsidiaries, Jigao Biotech and Yongan Real Estate had loan principal and interest of 280 million yuan, and Shunzheng Investment Exempt Company and its subsidiary Jigao Production issued loan principal and interest of 97.4676 million yuan, for a total of 378 million yuan. This debt forgiveness constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed by the 29th Interim Meeting of the 11th Board of Directors of the Company. The exemption amount will increase the company's capital reserve and increase net assets.

According to the Jigao Development announcement, recently, the company was exempted from investment debts of the controlling shareholder Gaoxin Urban Construction and related parties Shunzheng. High-tech Urban Construction Exempt Company and its subsidiaries, Jigao Biotech and Yongan Real Estate had loan principal and interest of 280 million yuan, and Shunzheng Investment Exempt Company and its subsidiary Jigao Production issued loan principal and interest of 97.4676 million yuan, for a total of 378 million yuan. This debt forgiveness constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed by the 29th Interim Meeting of the 11th Board of Directors of the Company. The exemption amount will increase the company's capital reserve and increase net assets.