Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd announced a private placement of 2,103,190,538 shares for the gross proceeds of RMB 7,529,422,100.00.

On September 16, 2022, the company received the “Approval Concerning the Asset Restructuring and Supporting Financing Matters of Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd” (Gansu State Assets Issuance Capital [2022] No. 165) by the State-owned Assets Supervision and Administration Commission of the People's Government of Gansu Province transferred from Gansu Energy Chemical Industry Investment Group Co., Ltd. The transaction needs to be reviewed and approved by the company's shareholders' meeting and reported to the China Securities Regulatory Commission for approval.