Longking shareholders increase stake with over RMB 120m investment

Fujian Longking Environmental Protection Co. announced that its major shareholders, Longyan State-owned Assets Investment and Management Co. and its affiliate, Longyan Huasheng Enterprise Investment Co., have made substantial progress in their shareholding increase plan.

As of November 21, 2025, Longyan State-owned Assets Investment has cumulatively increased its stake by 7,454,200 A-shares, representing 0.59% of the company's total share capital. This transaction amounts to RMB 120,098,600, excluding transaction fees.

The original plan, disclosed on June 10, 2025, aimed for a total investment between RMB 117,500,000 and RMB 235,000,000 over a 12-month period. Following this latest acquisition, Longyan State-owned Assets Investment now holds 107,825,538 shares, equivalent to 8.49% of the total share capital.

Combined with its affiliate, Longyan Huasheng Enterprise Investment, the total holding stands at 109,084,138 shares, or 8.59%. The company noted that the share increase plan carries risks due to potential capital market fluctuations.