Shanxi Coking Coal abolishes supervisory board, Wateryu Mine resumes production

Shanxi Coking Coal Energy Group Co., Ltd. has abolished its board of supervisors and supervisors, effective September 2025. This decision, approved by shareholders, revises the company's articles of association in accordance with company law. The board of directors' audit committee will now assume the responsibilities previously held by the supervisory board. China Securities Co., Ltd., as bond trustee, noted no significant adverse impact on the company's debt repayment capability for outstanding bonds.

Separately, the company's Wateryu Mine, a wholly-owned subsidiary with an annual production capacity of 4 million tons, resumed production on September 12, 2025. The mine had ceased operations due to a safety accident and underwent rectification. Following successful inspections and approval from relevant bureaus, the mine has been authorized to restart.

The temporary halt in production lasted 15 days, resulting in an estimated reduction of approximately 180,000 tons of raw coal output. China Securities Co., Ltd. also stated that this event is not expected to materially affect the company's ability to repay the principal and interest on its outstanding bonds.