Shanxi Coal subsidiary secures 2.1m tonnes of production quotas

Shanxi Coal International Energy Group announced its controlling subsidiaries, Changchunxing Coal Industry Co. Ltd. and Hanjiawa Coal Industry Co. Ltd., acquired coal production capacity replacement quotas totaling 2.1m tonnes per year. These quotas, purchased from five coal mines indirectly controlled by its indirect parent company, Shanxi Coking Coal Group, amounted to CNY 302.4372m (including tax). The acquisition aims to increase advanced production capacity for its high-quality mines.

The transaction, a related-party transaction, received approval from the company's eighth board of directors at its thirty-third meeting on September 16, 2025, with all four non-associated directors voting in favor. The independent directors also approved the transaction. This deal is not classified as a major asset restructuring and will not require shareholder approval.

The company stated the acquisition will enhance its coal production capacity, improve the competitiveness of its high-quality mines, and optimize operational efficiency. The pricing adhered to fair and equitable principles, ensuring no adverse impact on the company's financial health or operating results, and no undue reliance on the controlling shareholder.