Shanxi Coking Coal to hold EGM, subsidiary halts operations after fatality

Shanxi Coking Coal Energy Group Co., Ltd. is convening its second extraordinary general meeting of shareholders for 2025 on September 17. Key agenda items include proposed amendments to the company’s Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules. The board approved these revisions alongside a cash dividend distribution of 0.36 yuan per 10 shares, totaling 204,375,638.12 yuan, reflecting 20.16% of the company's net profit for the first half of 2025.

Additionally, the meeting will address a change in the guarantee provided by the company for its subsidiary, Shanxi Xishan Huatong Cement Co., Ltd. The board approved an increase in the guarantee limit to 30 bn yuan, extending the term to five years, to support working capital, project construction, or debt refinancing. This change is subject to shareholder approval due to the subsidiary's asset-liability ratio exceeding 70%. The company will also evaluate financial services offered by Shanxi Coking Coal Group Finance Co., Ltd. for the first half of 2025.

Separately, Watery Valley Coal Industry Co., Ltd., a wholly-owned subsidiary of Shanxi Coking Coal, has suspended operations following a safety incident on August 28, 2025, resulting in one fatality. The subsidiary, with a verified capacity of 400 tons/year, accounts for 8.18% of the company’s total approved capacity. The impact on operational data will be disclosed in audited financial reports.