Zhitong Finance App News, China Coal Energy (01898) announced that recently, the company received a notice from China Coal, the controlling shareholder, and the Beijing Branch of Industrial and Commercial Bank of China Co., Ltd. issued a “ICBC Beijing Branch Loan Commitment Letter” to China Coal, agreeing to provide special loan support for China Coal's A-share holdings. The loan amount is not more than RMB 90 million and not higher than 90% of the amount actually implemented. The loan period is no more than 3 years.

China Coal will take the opportunity to gradually increase its stock holdings based on a reasonable judgment on the value of the company's stock, taking into account trends in the securities market and fluctuations in the company's stock price.

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