Wangneng Environment: The court has ruled to accept the bankruptcy reorganization application of its subsidiary, Zhejiang Lixin.

Wangneng Environment announced that on August 3, 2026, the company received the "Civil Ruling" delivered by the Deqing Court, which accepted the bankruptcy reorganization application for its holding subsidiary, Zhejiang Lixin. Zhejiang Lixin has a registered capital of 52.5 million yuan and is unable to pay due debts, making it insolvent. If the reorganization is successful, it will increase the debt repayment rate. However, there are uncertainties in the progress of the reorganization, including the possibility of the proposed plan not being approved, lack of court approval, and difficulties in execution. The company will continue to disclose updates on the progress.