Wangneng Environment (002034.SZ) controlling shareholder plans to increase the company's shareholding by 100 million to 200 million yuan.

Wangneng Environment (002034.SZ) announced that its controlling shareholder, Meixinda Group Co., Ltd. (hereinafter referred to as "Meixinda Group"), plans to increase its holdings of the company's shares through centralized bidding trading on the Shenzhen Stock Exchange within 6 months from the disclosure date of the announcement. The total amount of the increase shall not be less than RMB 100 million and not exceed RMB 200 million. Funding arrangements for the increase plan: Meixinda Group's own funds and special loans for the increase, with own funds accounting for no less than 10% and special loan amount not exceeding 90%. Recently, the Agricultural Bank of China Limited, Huzhou Branch issued a "Loan Commitment Letter" to Meixinda Group, promising to provide special loan support for the increase of the company's shares, with a loan amount not exceeding RMB 180 million and a loan term of three years. The commitment shall be effective from the date of issuance and valid for one year. The specific rights and obligations of the loan shall be subject to the loan agreement signed between the Agricultural Bank of China Limited, Huzhou Branch and Meixinda Group.