Shanxi Coal International simplifies ownership structure

Shanxi Coal International Energy Group Co., Ltd. has disclosed a reduction in the ownership layers between its controlling shareholder and actual controller. This change stems from the Shanxi Provincial People's Government's decision to transfer 90% of Shanxi Coking Coal Group Co., Ltd. (Coking Coal Group) equity, previously held by Shanxi State-owned Capital Operation Co., Ltd., directly to the Shanxi Provincial State-owned Assets Supervision and Administration Commission (Shanxi SASAC). The industrial and commercial registration for this change is currently pending completion.

Despite this structural alteration, the company confirms that the actual controller and direct controlling shareholder will remain unchanged. Shanxi Coal Import & Export Group Co., Ltd. continues as the direct controlling shareholder, Coking Coal Group as the indirect controlling shareholder, and Shanxi SASAC as the ultimate actual controller. The company's controlling interest stability, normal production and operations, and ongoing development will not be affected.

The company also highlighted that this reduction in ownership layers does not involve a tender offer. Investors are advised to exercise caution and be aware of investment risks as the matter progresses through necessary industrial and commercial registration procedures.