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Yunwei Co., Ltd. announced that after acquiring the company's shares in June 2019, the controlling shareholder Yunnan Energy Group issued a promise to avoid interbank competition due to competition between the coal trading business and the company. The original commitment period was 5 years from the date the shares were transferred, and it was extended for the first time in 2024 until September 9, 2026. Due to the uncertainty of the major asset restructuring transaction, it is not expected that the business integration will be completed before September 9, 2026. It is proposed to extend the commitment period for a second time to September 9, 2028. This extension complies with regulations and does not harm shareholders' interests.
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Yunwei Co., Ltd. announced that after acquiring the company's shares in June 2019, the controlling shareholder Yunnan Energy Group issued a promise to avoid interbank competition due to competition between the coal trading business and the company. The original commitment period was 5 years from the date the shares were transferred, and it was extended for the first time in 2024 until September 9, 2026. Due to the uncertainty of the major asset restructuring transaction, it is not expected that the business integration will be completed before September 9, 2026. It is proposed to extend the commitment period for a second time to September 9, 2028. This extension complies with regulations and does not harm shareholders' interests.
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