Lu'an environmental energy: ownership structure simplified in administrative transfer

Shanxi Lu'an Environmental Energy Development Co., Ltd. announced a reduction in the ownership levels between its controlling shareholder and actual controller. This change stems from the Shanxi Provincial People's Government's decision to transfer 90% of the equity in Lu'an Chemical Industry Group Co., Ltd. from Shanxi State-owned Capital Operation Co., Ltd. directly to the Shanxi Provincial People's Government State-owned Assets Supervision and Administration Commission.

Despite the restructuring, the company's direct controlling shareholder, Shanxi Lu'an Mining (Group) Co., Ltd., and its actual controller, the Shanxi Provincial People's Government State-owned Assets Supervision and Administration Commission, will remain unchanged. The company also confirmed that this equity change will not affect the stability of its control, its normal operations, or its continuous development, nor will it involve a tender offer.

The company's board of directors issued this announcement on December 3, 2025, advising investors to exercise caution and be aware of potential investment risks while the administrative procedures are finalized.