China Coal Finance Co. Ltd announced that it will receive CNY 6,000,000,000 in an equity round of funding on March 20, 2024. The transaction will include participation from new investor, China Coal Energy Company Limited for CNY 5,460,000,000 and China National Coal Group Co., Ltd for CNY 540,000,000.

The transaction has been approved by the company?s 5th directorate during its first meeting. The transaction subject to approval by National Financial Regulatory Administration Beijing Office. The transaction subject to approval by shareholders?

meeting of parent. This has been approved by the company?s 5th directorate during its first meeting. Post capital increase the registered capital of the company will increase from CNY 3,000,000,000 to CNY 9,000,000,000.