Shenghui Cleanness Group Holdings Limited (stock code: 02521 HK) announced that the non-legally binding agreement of intent (AOI) for a possible capital injection into an undisclosed target company has lapsed without a definitive contract being signed by the 18 March 2026 deadline.

Under the AOI and the extension agreement dated 15 January 2026, the target company must return the refundable deposit of RMB9.00 million to Guangzhou Shenghui, a subsidiary of Shenghui Cleanness, within three working days from 18 March 2026.

The board stated that the cessation of the proposed capital injection will not exert a material adverse impact on the Group’s current operations or financial position.

As of the announcement date, the board comprises four executive directors—Mr. Li Chenghua (Co-chairman and Chief Executive Officer), Mr. Wei Dongjin (Co-chairman), Mr. Chen Liming and Mr. Dong Jiangang—and three independent non-executive directors—Ms. Cheung Bo Man, Ms. Yau Yin Hung and Dr. Wang Hui.