Shanxi Coking announces ownership layer reduction

Shanxi Coking Co., Ltd. has announced a reduction in the ownership layers between its controlling shareholder and actual controller. This change results from the Shanxi Provincial People's Government transferring 90.00% of Shanxi Coking Coal Group Co., Ltd.'s equity, previously held by Shanxi State-owned Capital Operation Co., Ltd., to direct ownership by the Shanxi Provincial People's Government State-owned Assets Supervision and Administration Commission (Shanxi SASAC).

The company clarifies that this equity transfer will not alter its direct controlling shareholder, which remains Shanxi Coking Group Co., Ltd., nor its indirect controlling shareholder, Shanxi Coking Coal Group Co., Ltd. The actual controller will also remain the Shanxi SASAC. Furthermore, the company states that this reduction in ownership layers does not involve a tender offer and will not impact the stability of its control or its normal production and operations.

The announcement notes that industrial and commercial registration for this matter is still pending. The company advises investors to exercise caution and be aware of investment risks. The board of directors of Shanxi Coking Co., Ltd. issued this announcement on December 3, 2025.