China Coal Energy to invest 100bn yuan in SOE strategic emerging industries fund

China Coal Energy Co., Ltd. announced its participation in the Central State-Owned Enterprises Strategic Emerging Industries Development Fund. The company will invest 100bn yuan from its own funds, acquiring a 1.96% stake in the Fund. This transaction does not constitute a connected transaction or a major asset restructuring and does not require approval from the company's board of directors or shareholders.

The Fund, structured as a company, will be managed by Central State-Owned Enterprises Strategic Emerging Industries Development Private Equity Fund Management Co., Ltd., with a registered capital of 10bn yuan. The Fund's total scale is 5.1 trillion yuan, focusing on strategic emerging industries and future industries. It aims to support the development of related nine major strategic emerging industries.

The investment is expected to align with China Coal Energy's main business, expanding its industry cooperation ecosystem by connecting to a broader financial platform. While the investment is sourced from the company's own funds and will not impact daily operations, potential risks include market fluctuations, policy changes, and the inherent uncertainties of investment returns given no guaranteed minimum return.