Longking Environment shareholders plan to increase holdings

Fujian Longking Environment (SSE:600388) announced that shareholder Longyan State-owned Assets Investment & Operation Co., Ltd. (Longyan Guotou) and its concerted party, Huasheng Investment, plan to increase their holdings in the company. The entities, currently holding 8.00% of Longking's shares, intend to acquire additional A-shares through the Shanghai Stock Exchange trading system within the next 12 months. The total investment will range from a minimum of CNY 1.175 billion to a maximum of CNY 2.350 billion, funded by special loans and their own capital. Longyan Guotou has secured a loan commitment from China Everbright Bank for up to CNY 1.8 billion to support this initiative. The shareholders commit to not reducing their holdings during the implementation period.