DONGJIANG ENV (00895.HK): Performs Further Guarantee Payment of Approximately RMB 18.14 Million for Mianyang Dongjiang

NewTimeSpace News: On 18 September 2026, Dongjiang Environmental Company Limited (stock code: 00895) announced that, as its controlling subsidiary Mianyang Dongjiang Environmental Technology Co., Ltd. remains unable to repay the loan, the Company will continue to perform its joint and several guarantee obligation to Postal Savings Bank of China in respect of the loan, in the amount of approximately RMB 18.14 million, comprising loan principal of RMB 16.95 million and interest of approximately RMB 1.19 million.

Competition in the hazardous waste industry remains intense, and Mianyang Dongjiang has fallen short of expectations in waste collection and transportation since commencing production, with disposal prices continuing to fall and working capital difficulties preventing timely repayment to the bank. Following the payment, the Company holds a receivable from Mianyang Dongjiang, and will push the subsidiary to strengthen market collection, lower operating costs and settle the receivable as soon as possible. The Company has also issued a demand letter to the counter-guarantors under the counter-guarantee contract and sued Diwosi and Xinkeyuan before the Mianyang High-Tech Industrial Development Zone People's Court, which held a hearing on 8 September 2026, with judgment pending.

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