China Shenhua moves forward with asset acquisition and capital raising

China Shenhua Energy Company Limited is proceeding with its proposed acquisition of coal, pit-mouth thermal power, coal-to-oil, coal-to-gas, and coal chemical assets from its controlling shareholder, National Energy Investment Group Co., Ltd. This will involve issuing A-shares and making cash payments, alongside a concurrent A-share offering for supporting funds. The transaction is categorized as a related-party transaction and is not expected to change the company's actual control.

The transaction commenced with the suspension of A-share trading on August 4, 2025, and resumed on August 18, 2025, following the disclosure of the preliminary acquisition plan. Intermediary agencies have initiated due diligence, and audit and appraisal work is underway. Further details on the transaction's progress will be disclosed in compliance with regulatory requirements.

The completion of this transaction is contingent upon multiple conditions, including approvals from the company's board of directors and shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission, as well as other relevant regulatory bodies.