Yitai Coal secures major wastewater deal, expands operations

Inner Mongolia Yitai Coal Company Limited (Yitai Coal) announced a new related party transaction where its subsidiary, Yitai Yili Energy Co. Ltd., will contract Shanghai Jingyu Environmental Engineering Co. Ltd. for wastewater treatment design and construction for its 1 million tons/year coal-to-oil demonstration project. The total contract value is RMB 59,000万元 (tax-inclusive RMB 65,000万元), with RMB 20,500万元 in 2025 and RMB 38,500万元 in 2026. This transaction was approved by the board of directors on November 26, 2025, with related parties abstaining from the vote.

Concurrently, Yitai Coal also provided an update on its external guarantees for October 2025, amounting to RMB 106,726.95万元, primarily for its various controlled subsidiaries including Yitai Energy (Shanghai) Co. Ltd. and Inner Mongolia Yitai Coal-to-Oil Co. Ltd. As of the disclosure date, the total outstanding external guarantees, including commercial acceptance bill financing, amounted to RMB 325.15亿元, representing 67.55% of the company's most recently audited net assets of RMB 481.35亿元. All guarantees are within the scope of consolidated financial statements and are deemed controllable, with no overdue or non-compliant guarantees reported.

Additionally, the board approved the re-appointment of Zhongshenghuan Certified Public Accountants (Special General Partnership) as the financial and internal control auditor for 2025, with an audit fee of RMB 300万元 (tax-inclusive). These strategic decisions aim to support the company's ongoing operational expansion and ensure robust financial oversight.