Huaihe Energy completes asset acquisition, boosts share capital to over 7bn yuan

Huaihe Energy (Group) Co., Ltd. has announced the successful completion of its share issuance and cash payment to acquire assets, involving its controlling shareholder, Huainan Mining. The transaction, approved by the China Securities Regulatory Commission (CSRC) on December 25, 2025, resulted in the issuance of 3,280,531,105 new A-shares at a price of 3.03 yuan per share. These new shares are restricted, with a lock-up period of 36 months for Huainan Mining.

Following the issuance, Huaihe Energy's registered capital increased by 3,280,531,105.00 yuan, reaching a total of 7,166,792,170.00 yuan. The company now holds 100% equity in Huaihe Energy Power Group Co., Ltd. Huainan Mining's stake in Huaihe Energy rose from 56.61% to 76.47%, solidifying its position as the controlling shareholder.

The total number of shares in circulation for Huaihe Energy has increased to 7,166,792,170 shares, with 45.77% (3,280,531,105 shares) being restricted and 54.23% (3,886,261,065 shares) unrestricted. This strategic move aims to positively impact the company's financial status and sustainable operations.