Shanxi Coal International's controlling shareholder unpledges significant stake

Shanxi Coal International Energy Group Co., Ltd. announced that its controlling shareholder, Shanxi Coal Import & Export Group Co., Ltd. (Shanmei Group), has completed the unpledging of 280,000,000 shares. This transaction, confirmed on October 23, 2025, means Shanmei Group no longer has any pledged shares in the company. The unpledged amount represents 24.39% of Shanmei Group's total holdings and 14.12% of Shanxi Coal International's total share capital.

Shanmei Group holds 1,148,006,282 shares, constituting 57.91% of Shanxi Coal International's total share capital. The unpledging occurred after the full repayment and delisting of Shanmei Group's 2022 publicly issued exchangeable company bonds (Phase I) on September 29, 2025, which these shares had secured.

The released shares have been transferred to Shanmei Group's proprietary securities account. The company and Shanmei Group have confirmed there are currently no plans for further share pledges. Any future changes will be promptly disclosed in accordance with relevant laws and regulations.