Lu'an Huanneng announced that the company has won coal prospecting rights in the Shangma block in Xiangyuan County, Shanxi Province, and that the block has completed the procedure for transferring prospecting rights to mining rights and obtained relevant licenses. In order to promote the formalities and construction of the Shangma coal mine project in an integrated manner, the company plans to establish a wholly-owned subsidiary, Shanxi Lu'an Huanneng Shangma Coal Industry Co., Ltd., as the special implementing entity for the project, with a registered capital of 10,000 yuan, funded by its own capital, and 100% of the company's shares. The matter has been reviewed and approved by the board of directors of the company and still needs to be approved by the relevant competent authorities.

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