Anyuan Coal Group details asset swap transition period performance

Anyuan Coal Industry Group Co., Ltd. has completed its major asset restructuring, specifically the asset swap with Jiangxi Jiangtung Holdings Development Co., Ltd., involving Ganzhou Jinhuan Magnetic Separation Technology Equipment Co., Ltd. (Ganzhou Jinhuan) and coal-related assets. Special audit reports by Zhongxinghua Certified Public Accountants confirm the financial performance of both the placed-in and placed-out assets during the transition period from January 1, 2025, to July 31, 2025.

The placed-in assets, Ganzhou Jinhuan, reported a net profit of yuan 17,950,763.72 for the transition period, which will be enjoyed by Anyuan Coal Industry Group Co., Ltd. Conversely, the placed-out assets incurred a net loss of yuan 278,736,893.46, which will be borne by Jiangxi Jiangtung Holdings Development Co., Ltd.

Additionally, internal real estate transfers by Anyuan Coal Industry Group Co., Ltd.'s parent and subsidiaries during the transition period incurred land value-added tax and other surcharges totaling yuan 35,132,168.55, which were reported as assets. The audit reports serve to confirm the profit and loss during the transition period for the asset handover, with any losses to be settled in cash within 30 working days after the report issuance.