Guizhou Energy Group completes merger, updates registration details

Guizhou Panjiang Refined Coal Co., Ltd. announced on November 14, 2025, that the absorption and merger of its controlling shareholder, Guizhou Wujiang Energy Group Co., Ltd., into Guizhou Energy Group Co., Ltd. has been completed. Following the merger, Guizhou Wujiang Energy Group has been legally deregistered, and Guizhou Energy Group has updated its industrial and commercial registration, including obtaining a new business license.

The updated details for Guizhou Energy Group include a registered capital of 200 bn yuan, with Mr. Hu Yongzhong as the legal representative. Its business scope encompasses various sectors including coal, power, shale gas and coalbed methane extraction, and related investments.

The updated equity structure of Guizhou Energy Group shows Guizhou Provincial People's Government State-owned Assets Supervision and Administration Commission holding 51.0005%, Guizhou Qiancheng State-owned Assets Operation Co., Ltd. with 39.4207%, Guizhou Financial Holding Group Co., Ltd. with 6.7762%, and Southwest Energy and Mining Group Co., Ltd. holding 2.8026%. This change is not expected to significantly impact the Company's production and operations, and there is no change in the Company's controlling shareholder or actual controller.