Guanghui Energy Co., Ltd. (SHSE:600256) signed an agreement to acquire remaining 7.50% stake in Xinjiang Guanghui Coal Cleaning and Refinery Co., Ltd. for approximately CNY 490 million from shareholders on November 11, 2021. After completion of the transaction, Guanghui Energy will hold 100% stake in Xinjiang Guanghui Coal Cleaning and Refinery Co., Ltd. Xinjiang Guanghui reported total assets as CNY 8.5 billion and net assets as CNY 2.04 billion for the period end on September 30, 2021. This equity acquisition has been previously approved and expressed by independent directors.