Datong Coal's Selian mine extends entrusted operation, forecasts 2026 related-party deals

Datong Coal Industry’s controlling subsidiary, Jineng Holding Shanxi Coal Industry Company Limited, announced its Selian Coal Mine will continue to entrust the operation of its "Selian No. 1 Mine" to Huiyong Holding Group Co., Ltd. This move aims to reduce operating costs and maintain efficient cash flow by ensuring continued coal sales, enabling the replacement of bank loans and gradual repayment of debts. The initial entrusted operation period is set for three years, with annual plans to be negotiated based on production conditions.

In a related announcement, Datong Coal Industry also disclosed its forecast for 2026 daily related-party transactions, totaling 578,609.65 yuan. These transactions involve various purchases of goods, fuel, and labor services, along with sales of goods, with several entities controlled by Jineng Holding Group. The transactions are based on fair market principles and are deemed to be in the best interest of the company and its shareholders. This forecast requires shareholder approval.