Zhitong Finance App News, Lu'an Huanneng (601699.SH) issued an announcement. In order to coordinate the processing of procedures and construction of the Shangma coal mine project to ensure early landing, early commencement, and early results, the company plans to establish a wholly-owned subsidiary, Shanxi Lu'an Huanneng Shangma Coal Co., Ltd. (tentative name), as a special implementing entity for the Shangma coal mine project, with a registered capital of RMB 100 million. The registered capital can be adjusted in due course according to national regulations and actual progress of the project.

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