Huaihe Energy: intends to issue shares and pay cash to purchase 89.30% equity of the power group.

Huaihe Energy announced that the company plans to acquire 89.30% equity of Huaihe Energy Power Group held by its controlling shareholder, Huainan Mining, through the issuance of shares and payment of cash, constituting a major asset restructuring and related party transaction, not constituting a restructuring for listing. The company has received the review results of the M&A and Restructuring Review Committee of the SSE, and this transaction meets the conditions and requirements. The company disclosed the draft and amended draft in 2025, with the latter revising some contents from the former, such as the approvals required before the implementation of the restructuring plan and the situation of additional share and cash consideration.