Huaihe Energy acquisition review meeting scheduled by Shanghai Stock Exchange

Huaihe Energy (Group) Co., Ltd. is pursuing an acquisition involving the issuance of shares and payment of cash to purchase an 89.30% equity stake in Huaihe Energy Power Group Co., Ltd. from its controlling shareholder, Huainan Mining (Group) Co., Ltd.

The Shanghai Stock Exchange's Mergers and Acquisitions and Restructuring Review Committee is scheduled to convene its 17th review meeting of 2025 on November 5, 2025, to deliberate on the company's application for this transaction.

The completion of this transaction is contingent upon approval by the Shanghai Stock Exchange and subsequent registration with the China Securities Regulatory Commission. The company notes that the timing of approval and registration remains uncertain and advises investors to consider the associated risks, pledging to disclose developments promptly.