Inner Mongolia Electric Power advances acquisition of Baiyinhua Coal-Power

Inner Mongolia Electric Power Investment Energy Co. (002128) announced ongoing progress in its planned acquisition of 100% equity in National Power Investment Group Inner Mongolia Baiyinhua Coal-Power Co. The transaction will be conducted through a combination of share issuance and cash payment and involves raising supporting funds. It is considered a major asset reorganization and a connected transaction, but not a backdoor listing.

The company has been actively promoting the transaction since the preliminary plan was disclosed on May 19, 2025. As of the announcement date, audit and valuation work related to the transaction is still in progress. Once completed, the board of directors will convene to review the transaction, followed by a general meeting of shareholders for approval.

Investors are advised to note the inherent risks detailed in the preliminary plan. Regulatory approvals are still pending, introducing a degree of uncertainty regarding the final implementation. The company will continue to provide updates in accordance with relevant laws and regulations.