China Railway Hohhot Bureau Group Co., Ltd. agreed to acquire an additional 51% stake in Inner Mongolia Yitai Huzhun Railway Co., Ltd. from Inner Mongolia Yitai Coal Co.,Ltd. (SHSE:900948) for CNY 6.3 billion on September 29, 2025. A cash consideration of CNY 6.28 billion will be paid by China Railway Hohhot Bureau Group Co., Ltd. As part of consideration, CNY 6.28 billion is paid towards common equity of Inner Mongolia Yitai Huzhun Railway Co., Ltd. Upon completion, China Railway Hohhot Bureau Group Co., Ltd. will own 51.32% stake in Inner Mongolia Yitai Huzhun Railway Co., Ltd. After the equity transfer, the company will still hold 21.6569% of the equity interest in Inner Mongolia Yitai Huzhun Railway Co., Ltd.

As of June 30, 2025, Inner Mongolia Yitai Huzhun Railway Co., Ltd. reported total assets of CNY 10.13 billion and total common equity of CNY 8.81 billion.

China Railway Hohhot Bureau Group Co., Ltd. completed the acquisition of an additional 51% stake in Inner Mongolia Yitai Huzhun Railway Co., Ltd. from Inner Mongolia Yitai Coal Co.,Ltd. (SHSE:900948) on May 12, 2026.