Huolinhe Opencut Coal board approves audit firm change, related-party deal

Inner Mongolia Electric Power Investment Energy, also known as Huolinhe Opencut Coal Industry, held its fourteenth extraordinary board meeting on November 18, 2025. The board resolved to appoint Da Xin Certified Public Accountants (Special General Partnership) as the financial audit firm for 2025. This firm will replace Tianjian Certified Public Accountants (Special General Partnership), which had served for three years. The appointment is pending approval at the upcoming seventh extraordinary general meeting, with the estimated audit fee for 2025 at 1.325 million yuan, a 6.56% reduction from the prior period.

Additionally, the board approved a related-party transaction for property services at the Hohhot Production Dispatching Command Center. Shanghai China Power New Energy Real Estate Development Co., Ltd. will provide services including cleaning, customer service, and security under a 15-month contract valued at 40.929 million yuan (including tax). This transaction was approved by non-related directors, with associated directors recusing themselves.

The board also approved the deregistration of Ordos Electric Power Investment Green Energy New Energy Co., Ltd., due to unresolved land use issues preventing project completion. These resolutions were detailed in various announcements published on November 18, 2025.