Shanxi Coal International: bond delisting complete, new leadership appointed

Shanxi Coal International Energy Group announced the completion of the delisting of its controlling shareholder's RMB 2 bn privately offered exchangeable corporate bonds. Issued in September 2022, the bonds matured on September 29, 2025, with no shares exchanged during the conversion period. Following the delisting, the controlling shareholder will release a pledge on 280,000,000 A-share shares of Shanxi Coal International, representing 14.12% of the company's total share capital.

The company also announced leadership changes. Meng Jun resigned as chairman due to work reallocation. The board elected Fu Zhonghua as a director representing the company's affairs and the legal representative, effective until the end of the current board term. Han Tao has been appointed as a deputy general manager. These changes will be submitted for shareholder approval at the third extraordinary general meeting on October 17, 2025.

As of the announcement date, Shanxi Coal International's controlling shareholder holds 1,148,006,282 shares, representing 57.91% of the company's total share capital. Following the release of the pledged shares, the controlling shareholder will hold no pledged shares in the company.