Wangneng Environmental announced that on August 5, 2026, it received a “Decision” served by the Deqing court to designate Zhejiang Zeda Law Firm as the manager of the subsidiary Zhejiang Lixin. Zhejiang Lixin's creditors should report their claims to the manager before September 4. The first creditors' meeting will be held at 14:00 on September 10. However, there are uncertainties about the progress of the restructuring matters, such as not passing a vote, not being approved by the court, and not being able to be implemented.

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