Anyuan Coal Group to change name, scope after asset restructuring

Anyuan Coal Industry Group Co., Ltd. announced its upcoming Third Extraordinary General Meeting of Shareholders in 2025, scheduled for September 9, 2025. The meeting will address a pivotal proposal to change the company's name and business scope, reflecting recent asset restructuring and related asset exchanges. The proposed new English name is Jiangxi Tungsten Rare And Precious Equipment Co., Ltd.

Concurrently, the business scope will expand from primarily coal mining to include the development, manufacturing, and sales of magnetic, electronic, electrical, mining, and metallurgical equipment, along with related technical services and trading.

This strategic shift aims to align the company's corporate identity with its new core business activities, enhance investor understanding, and comply with relevant laws and regulations. The changes will be processed with market regulatory authorities after shareholder approval.