According to Xinji Energy's announcement, China Coal plans to transfer its 827 million shares of the company to its wholly-owned subsidiary China Coal Energy Co., Ltd. free of charge. After the transfer was completed, the direct controlling shareholder of the company changed to Anhui Company. China Coal became the indirect controlling shareholder, and the actual controller was still the State Council's State-owned Assets Administration Commission. The acquisition complies with regulations relating to the free transfer of state-owned assets, and the acquirer is exempt from issuing an offer. The transfer has already completed the necessary procedures at this stage, and compliance confirmation and share transfer registration are still required on the Shanghai Stock Exchange.

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