CHN Energy Finance Co.,Ltd announced a private placement of common shares for gross proceeds of CNY 5,000,000,000 on November 30, 2022. The transaction will included participation from returning investors, China Energy Investment Corporation Limited for CNY 3,000,000,000, China Shenhua Energy Company Limited for CNY 1,628,500,000, Guoneng Shuohuang Railway Development Co., Ltd. for CNY 143,000,000, Zhunger Shenhua Energy Co., Ltd. for CNY 143,000,000, and Guoneng Baoshen Railway Group Co., Ltd. for CNY 85,500,000. Post-closing the transaction, China Energy Investment Corporation Limited for CNY 10,500,000,000 accounting for 60% stake, China Shenhua Energy Company Limited for CNY 5,699,928,571.43 accounting for 32.57% stake, Guoneng Shuohuang Railway Development Co., Ltd. for CNY 500,142,857.14 accounting for 2.86% stake, Zhunger Shenhua Energy Co., Ltd. for CNY 500,142,857.14 accounting for 2.86% stake, and Guoneng Baoshen Railway Group Co., Ltd. for CNY 299,785,714.29 accounting for 1.71% stake in the company , and the registered capital of the company will increase from CNY 12,500,000,000 to CNY 17,500,000,000.

The transaction still needs to be reviewed and approved by the shareholders meeting by China Shenhua Energy Company Limited and approved by the Beijing Bureau of the China Banking and Insurance Regulatory Commission. The transaction has been approved in 17th meeting of the 5th board of directors of China Shenhua Energy Company Limited.