Jizhong Energy Group to acquire shares from related entity

Jizhong Energy Resources Co., Ltd. announced its controlling shareholder, Jizhong Energy Group Co., Ltd., will acquire 5.5m shares from Jizhong Energy Zhangjiakou Mining Group Co., Ltd., a related party. The non-public agreement values the transaction at RMB 32,615,000, with a per-share price of RMB 5.93.

This transfer represents 0.156% of Jizhong Energy's total share capital. Following the transaction, Jizhong Energy Group will hold 33.87% of the company's shares, while Jizhong Energy Zhangjiakou Mining Group's stake will reduce to 0.41%.

This internal transfer among entities under the same control is classified as an adjustment to the internal shareholding structure. It will not alter the company's controlling shareholder or actual controller, nor will it impact the combined shareholding percentage of the controlling shareholder and its concerted parties. The transaction also does not involve a market reduction.

The share transfer is contingent upon compliance confirmation from the Shenzhen Stock Exchange and subsequent registration with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch. Investors are cautioned that the completion of the transfer remains uncertain.