Shanmei International's shareholder to pledge shares for bond

Shanmei International Energy Group announced its controlling shareholder, Shanxi Coal Import & Export Group, plans to pledge an additional 81.75 million shares to secure its exchangeable bonds due to maintaining the guarantee ratio, accounting for 7.12% of its stake and 4.12% of the total share capital, according to exchange offer terms. As of the announcement, Shanxi Coal Import & Export Group holds 57.91% of the company's total equity, totaling 1,148,006,282 shares. The cumulative pledged shares now reach 17.27% of its holding, representing 10% of the total equity, ensuring the bondholders can exchange their shares.