Henan Dayou Energy to absorb wholly-owned subsidiary

Henan Dayou Energy Co., Ltd. (SSE:600403) announced its plan to absorb its wholly-owned subsidiary, Alar Yu Energy Investment, to optimize organizational structure, improve operational efficiency, and reduce management costs. Upon completion of the merger, Alar Yu Energy Investment will be dissolved, and all its assets, debts, and business will be assumed by Henan Dayou Energy. This merger will not constitute a related-party transaction or a major asset restructuring as defined by regulations.