Huaibei Mining announced that Huaibei Mining Group, the controlling shareholder of the company, recently completed the registration of industrial and commercial changes for two share acquisitions, with a total transaction price of 670 million yuan. The acquisition will constitute potential competition with the company's main business. On August 18, 2026, Huaibei Mining Group issued a letter of commitment to avoid competition in the industry, promising to begin the process of transferring 51% of its shares in Binneng Coal Industry and 49% of Tianluan Investment's shares to Huaibei Mining or its designated wholly-owned or holding subsidiary within 6 months from the effective date of the commitment. The transfer price is based on asset evaluation reports required by state-owned assets supervision, and is in principle not higher than the costs associated with the acquisition and investment during the period.

Huaibei Mining announced that Huaibei Mining Group, the controlling shareholder of the company, recently completed the registration of industrial and commercial changes for two share acquisitions, with a total transaction price of 670 million yuan. The acquisition will constitute potential competition with the company's main business. On August 18, 2026, Huaibei Mining Group issued a letter of commitment to avoid competition in the industry, promising to begin the process of transferring 51% of its shares in Binneng Coal Industry and 49% of Tianluan Investment's shares to Huaibei Mining or its designated wholly-owned or holding subsidiary within 6 months from the effective date of the commitment. The transfer price is based on asset evaluation reports required by state-owned assets supervision, and is in principle not higher than the costs associated with the acquisition and investment during the period.