Lu'an Environmental Energy plans extensive related-party transactions, financial support

Shanxi Lu'an Environmental Energy Development has announced its estimated related-party transactions for 2026, which are subject to shareholder approval. These transactions, essential for normal operations, will be priced based on market rates or state regulations. The total estimated value of these daily related-party transactions for 2026 is CNY 11,746,307,300.00.

In separate announcements, the company also disclosed plans to apply for a comprehensive credit line of CNY 1 billion from Jinshang Bank Co., Ltd. Changzhi Branch, for working capital and project financing over three years. Additionally, it will provide financial assistance totaling CNY 1,519,263,300.00 to six of its holding subsidiaries through entrusted loans or internal loans, at interest rates no lower than the National Interbank Offered Rate, for a period of three years. These transactions are intended to support the operational needs of its subsidiaries and manage repayment risks.