Pingmei Coal Group: Controlling shareholder strategic restructuring, Henan Energy will become its wholly-owned subsidiary.

Pingmei Shenma announced that on September 26, 2025, the company disclosed that the controlling shareholder plans to carry out a strategic restructuring, and the Henan Provincial Party Committee and Provincial Government decided to restructure Henan Energy Group and China Pingmei Shenma Group. On November 11, 2025, the three parties signed the "Strategic Restructuring Framework Agreement". On January 13, 2026, the Henan Provincial State-owned Assets Supervision and Administration Commission signed an "Capital Increase Agreement" with both parties. The former increased the capital of China Pingmei Shenma Group with the 100% equity held by Henan Energy Group, and after completion, Henan Energy Group will become its wholly-owned subsidiary. This restructuring will not affect the company's operations, nor will it change the controlling shareholder and actual controller.