Henan Shenhuo establishes fund, major shareholder reduces stake

Henan Shenhuo Coal & Power Co., Ltd. has progressed on its joint investment to establish the Henan Shenhuo High-Quality Industrial Investment Development Partnership (Limited Partnership) fund. On September 11, 2025, the company, along with Henan Asset Management Co., Ltd., Anhui Jiangkhy Create Wealth Private Equity Fund Management Co., Ltd., and Henan Asset Management Fund Management Co., Ltd., signed the partnership agreement.

Henan Shenhuo will contribute 1.20 bn yuan as a limited partner to the fund, which has a total size of 1.512 bn yuan. The fund aims to invest in mineral resources, new materials, intelligent manufacturing, new energy, and smart connected vehicles.

Concurrently, Shangqiu Putian Industry and Trade Co., Ltd., a major shareholder, reduced its stake. Between August 27, 2025, and September 12, 2025, Shangqiu Putian divested 12,600,000 shares through centralized bidding, representing 0.56% of the company's total share capital. This transaction reduced Shangqiu Putian's holding from 8.52% to 7.96% of the total share capital. The reduction is consistent with the previously disclosed plan to sell up to 20,000,000 shares.