Anyuan Coal plans internal coal business consolidation

Anyuan Coal Industry Group plans to consolidate its coal-related assets and liabilities into its wholly-owned subsidiary, Jiangxi Coal Industry Group. The move is intended to facilitate the planned asset swap with its controlling shareholder, Jiangxi Tungsten Holding Group. The restructuring involves transferring assets, liabilities, operations, and personnel related to the coal business to Jiangxi Coal Industry, with the exception of certain tax liabilities and related cash. Transferred assets include 100% equity stakes in Jiangxi Jiangneng Wumao, Jiangxi Coal Sales, Jiangxi Coal Material Supply, a 45% stake in Fengcheng Ganghua Gas, and a 40% stake in Jiangxi Fengcheng Yuanzhou Coalbed Methane Power Generation. The registered capital of Jiangxi Coal Industry is CNY 278,796.6181 million. Shareholders will vote on the proposal at the extraordinary meeting scheduled for May 12, 2025.