Tianan Coal addresses regulatory concerns over related-party transactions

Responding to inquiries from the Shanghai Stock Exchange, Pingdingshan Tianan Coal Mining (SSE:601666) has released a detailed explanation regarding its related-party transactions with China Pingmei Shenma Holding Group and its affiliates, addressing concerns raised about fairness, necessity, and transparency. These transactions, which constitute significant portions of Tianan Coal's sales (CNY 126.79B) and purchases (CNY 126.49B), underwent thorough examination. The company emphasized that pricing adheres to established agreements and market standards, ensuring no undue benefit to related parties.