Gansu Nenghua: Subsidiary company awarded a construction project worth 88.9164 million yuan.

date
07/08/2026
The Gansu Energy Chemical Announcement states that the company's wholly-owned subsidiary, Coal One Company, has won the bid for the construction project of the Jiulongchuan Coal Mine, operated by the controlling shareholder's subsidiary, Qingyang Coal Power. This includes slope treatment for the industrial site and river management and flood control projects, with a total bid amount of 88.9164 million yuan, constituting a related party transaction. On August 7, 2026, this proposal was approved at the 14th meeting of the company's 11th board of directors, with three related directors abstaining from voting. This successful bid will help expand the company's engineering business scale and improve revenue and profitability. From the beginning of the year until the end of February, the total amount of related party transactions between the company and its controlling shareholder and its subsidiaries reached 52.2963 million yuan.