China Shenhua Energy Company Limited (SEHK:1088) agreed to acquire remaining 30% stake in Jinjie Energy Co., Ltd. from Ducheng Weiye Group Co.,Ltd for approximately CNY 9.9652 billion on December 15, 2022. As stipulated in the Equity Transaction Contract, the Transaction Subject was transferred at a price of CNY 9.9652 billion, and the China Shenhua Energy (Company) intended to pay the consideration in a lump sum with its own funds. Upon completion of the Transaction, the Company's shareholding in Jinjie Energy increased from 70% to 100%. As of August 31, 2022 Jinjie Energy Co., Ltd. reported Total Assets of CNY 16.4549 billion, Net Assets of CNY 13.93849 billion. The Transaction is not required to be submitted to the general meeting of the Company for consideration.

China Shenhua Energy Company Limited (SEHK:1088) completed the acquisition of remaining 30% stake in Jinjie Energy Co., Ltd. from Ducheng Weiye Group Co.,Ltd on December 15, 2022.