Sichuan Chuantou Energy to see controlling shareholder transition

Sichuan Chuantou Energy Co., Ltd. has announced progress on the equity change of its controlling shareholder. This stems from a strategic restructuring where Sichuan Energy Development Group Co., Ltd. will succeed Sichuan Provincial Investment Group Co., Ltd. as the direct and indirect holder of Sichuan Chuantou Energy shares, becoming the new controlling shareholder. The actual controller of the company, however, will remain the Sichuan Provincial Government State-owned Assets Supervision and Administration Commission (Sichuan Provincial SASAC).

This strategic restructuring involves a newly established merger that will form Sichuan Energy Development Group. The company previously issued announcements regarding the proposed strategic reorganization between Chuantou Group and Sichuan Energy Investment Group Co., Ltd., which culminated in a merger establishing Sichuan Energy Development Group.

As of the disclosure date, registration and transfer procedures for the company's shares directly held by Chuantou Group with China Securities Depository and Clearing Corporation Limited have not yet been completed. Associated industrial and commercial change registration procedures are also pending. The company committed to continuously monitor the progress of this equity change and fulfill its information disclosure obligations.