Wangneng Environment: Subsidiary Zhejiang Lixin has entered restructuring proceedings and has initiated creditor declaration.

Wangneng Environment announced that on August 5, 2026, it received a "Decision Notice" delivered by Deqing Court, designating Zhejiang Zeda Law Firm as the administrator for its subsidiary, Zhejiang Lixin. Creditors of Zhejiang Lixin should declare their claims to the administrator by September 4, and the first creditors' meeting will be held at 14:00 on September 10. However, there are uncertainties regarding the progress of the reorganization, including the possibility of failed voting, lack of court approval, and inability to execute.