Jiangxi Tungsten to acquire 39.34% of Anyuan Coal

Jiangxi Tungsten Holdings Group Co., Ltd. will acquire 389,486,090 shares of Anyuan Coal Industry Group Co., Ltd. (SSE: 600397), representing 39.34% of Anyuan's total share capital, from Jiangxi Energy Group Co., Ltd. The acquisition will be conducted through a non-cash transfer, and the deal does not involve any payment. The acquisition is pending regulatory approvals, including approval from state-owned asset authorities and clearance from the State Administration for Market Regulation if necessary. Post-acquisition, Jiangxi Tungsten will become Anyuan Coal's controlling shareholder, while the ultimate controller will remain Jiangxi State-owned Assets Supervision and Administration Commission. The deal is part of a broader restructuring effort to optimize state-owned asset allocation and operational efficiency.