According to Wangneng Environmental's announcement, the restructuring plan of Zhejiang Lixin New Material Technology Co., Ltd., the holding subsidiary of the company was approved by the Zhejiang Deqing County People's Court. The restructuring process was terminated, and Zhejiang Lixin entered the implementation stage of the restructuring plan. If the restructuring plan is successfully implemented, the Zhejiang Lixin debt crisis will be resolved, which is expected to have an impact on the company's 2026 financial data. If Zhejiang Lixin does not execute or is unable to execute the restructuring plan, the court has the power to decide to stop the execution of the reorganization plan and declare it bankrupt.

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