Jizhong Energy completes acquisition of 49% stake in Xilingol Energy

Jizhong Energy Company Limited announced the successful completion of the industrial and commercial change registration for the transfer of 49% equity in Jingneng Xilingol Energy Co., Ltd. This follows the resolution passed at the eighth board of directors' fourteenth meeting on July 11, 2025, which approved the cash acquisition of this stake from Jizhong Energy Fengfeng Group Co., Ltd.

With the completion of the transfer, Jizhong Energy now holds a 49% equity interest in Xilingol Energy. Consequently, Fengfeng Group no longer retains any equity in Xilingol Energy. The original announcement detailing this connected transaction was published on July 12, 2025, in various financial news outlets.