Gansu Energy & Chemical announced on the evening of April 14 that after active docking and reporting by Tianbao Company, a wholly-owned subsidiary of the company, the National Energy Administration recently approved the Hongshaliang Open Pit Mine and the Hongshaliang Mine in the list of the first batch of capacity reserve coal mine projects. According to the audit notice of the National Energy Administration, Tianbao Company's 2 million tons/year and 2.4 million tons/year transferable transactions for the Hongshaliang Open Pit Mine and Hongshaliang Mine are calculated based on the current production capacity index trading market price of 100 yuan/ton, after deducting 145 million yuan of capital expenses already paid for the production capacity index in the previous period. This transfer of capacity replacement indicators will bring the company a capital inflow of about 295 million yuan.

Gansu Energy & Chemical announced on the evening of April 14 that after active docking and reporting by Tianbao Company, a wholly-owned subsidiary of the company, the National Energy Administration recently approved the Hongshaliang Open Pit Mine and the Hongshaliang Mine in the list of the first batch of capacity reserve coal mine projects. According to the audit notice of the National Energy Administration, Tianbao Company's 2 million tons/year and 2.4 million tons/year transferable transactions for the Hongshaliang Open Pit Mine and Hongshaliang Mine are calculated based on the current production capacity index trading market price of 100 yuan/ton, after deducting 145 million yuan of capital expenses already paid for the production capacity index in the previous period. This transfer of capacity replacement indicators will bring the company a capital inflow of about 295 million yuan.