Shenhua Energy finalizes connected transactions framework with China State Railway

China Shenhua Energy Company Limited announced on November 28, 2025, the execution of the 2026-2028 Continuing Connected Transactions Framework Agreement. This agreement was signed on November 27, 2025, between the company and Taiyuan Railway Bureau, acting on behalf of China State Railway Group Co., Ltd.

The new framework agreement solidifies arrangements for the company and its subsidiaries, along with China Railway and its subsidiaries, to mutually provide transportation services, coal supply, and other related products and services. The announcement refers to an earlier disclosure dated October 24, 2025, which detailed the board's approval of this agreement.

The board of directors, as of the announcement date, includes Mr. Zhang Changyan (executive director), Mr. Kang Fengwei and Mr. Li Xinhua (non-executive directors), Dr. Yuen Kwok Keung, Dr. Chen Hanwen and Mr. Wang Hong (independent non-executive directors), and Ms. Jiao Lei (employee director). Song Jinggang serves as chief financial officer and secretary to the board of directors.