Shanxi Coking Coal subsidiary halts operations after fatal accident

Shanxi Coking Coal Energy Group Co., Ltd. announced on August 30, 2025, that its wholly-owned subsidiary, Shanxi Fenxi Mining Industry Group Shuyu Coal Industry Co., Ltd. (Shuyu Coal Mine), suspended operations after a safety accident on August 28, 2025, resulted in one fatality. Government authorities are currently investigating the incident.

Shuyu Coal Mine has an approved annual production capacity of 4 million tons, representing 8.18% of the issuer's total approved capacity. The company is actively cooperating with the investigation and has initiated rectification measures, including risk and hidden danger assessments, to enhance safety awareness and operational skills.

According to China Securities Co., Ltd., the bond trustee, the production halt is not expected to significantly impact the issuer's debt repayment capabilities or outstanding bonds. The trustee will continue to monitor the issuer's bond principal and interest payments and other material matters affecting bondholders.