On April 20, 2023, Shanxi Coking Coal Energy Group Co.,Ltd. closed the transaction. The company issued 474,137,931 shares at a price of CNY 9.28 per share for a gross proceeds of CNY 4,399,999,999.68. The transaction included participation from Guoxin Investment Co., Ltd. for 53,879,310 shares and 0.95% stake post completion, Guoxin New Pattern (Beijing) Private Equity Fund Management Co., Ltd. for 53,879,310 shares and 0.95% stake post completion, New China Life Insurance Company Ltd.-Dividend-Personal Dividend-018L-FH002 Deep for 53,879,310 shares and 0.95% stake post completion, China Structural Reform Fund II, managed by Chengtong Fund Management Co., Ltd. for 32,327,586 shares and 0.57% stake post completion, Guotai Junan Securities Co., Ltd. for 30,560,344 shares, E Fund Management Co., Ltd. for 28,017,241 shares, Jingjie Investment Co., Ltd. for 21,551,724 shares, Nuode Asset Management Co., Ltd. for 19,525,862 shares, Dacheng Fund Management Co., Ltd. for 18,534,482 shares, Caitong Fund Management Co., Ltd. for 17,586,213 shares, Hainan Wentai Shanxi Coking Coal Private Placement Private Equity Investment Fund for 17,564,655 shares, CSC Financial Co., Ltd. for 16,864,224 shares, UBS Group AG for 16,702,586 shares, Taiping Asset Management Co., Ltd. (representing Taiping Life Insurance Co., Ltd.-Traditional - General Insurance Products - 022L-CT001 Deep) for 16,163,793 shares, individual investor, Tan Ruiqing for 16,163,793 shares, AEGON-Industrial Fund Management Co., Ltd. for 15,355,603 shares, China Pacific Life Traditional Insurance High Dividend Stock Portfolio for 15,193,965 shares, China Pacific Property Insurance Co., Ltd.-Traditional-General Insurance Products for 15,193,965 shares and Pacific Decathlon Equity Products for 15,193,965 shares.

The company's share capital increased from CNY 5,202,963,128 to CNY 5,677,101,059.