Jineng Holding Shanxi Coal Industry announces ownership restructuring

Jineng Holding Shanxi Coal Industry Co., Ltd. announced a reduction in the ownership layers between its controlling shareholder and actual controller. The Shanxi Provincial People's Government is transferring 90% of Jineng Holding Group Co., Ltd.'s equity from Shanxi State-owned Capital Operation Co., Ltd. to the Shanxi Provincial People's Government State-owned Assets Supervision and Administration Commission (Shanxi SASAC) for direct holding. This restructuring aims to streamline the ownership chain, though industrial and commercial registration for this transfer is still pending.

Despite this realignment, the company's direct controlling shareholder, Jineng Holding Coal Industry Group Co., Ltd., and the actual controller, Shanxi SASAC, will remain unchanged. This equity change will not alter the company's actual controller, direct controlling shareholder, or their respective shareholding percentages, thus maintaining the stability of the company's control and its normal production and operational activities. The transaction does not involve a tender offer.

The company advised investors to exercise caution regarding investment risks, as the completion of this equity change is contingent upon the finalization of industrial and commercial registration procedures. This move is not expected to adversely affect the company or the interests of its small and medium-sized shareholders.