Henan Dayou Energy Co., Ltd. (SHSE:600403) agreed to acquire Tianjun Yihai Energy Coal Management Co. Ltd. from Yima Coal Group Qinghai Yihai Energy Co., Ltd. for CNY 5.7 billion on February 16, 2012. In related transactions, Henan Dayou Energy agreed to acquire 100% stake in Yima Coal Group Yangguang Mining Co. Ltd., 49% stake in Xinjiang Dahuangshan Yuxin Coal Industry Co., Ltd., and 100% stake in Yima Coal Group Gongyi Tieshenggou Coal Industry Co. Ltd. for CNY 1.65 billion on February 16, 2012. The transaction will be funded from the private placement proceeds of CNY 7.54 billion. The transaction was approved by Yima Coal Group Qinghai Yihai Energy. The transaction was approved by the Board of Directors of Henan Dayou on February 16, 2012. The transaction is subject to approval of Yima Coal Industry Group's shareholders. The transaction will be discussed in Henan Dayou's shareholder's meeting scheduled to be held on March 6, 2012. Jingtian & Gongcheng acted as legal advisor for Yima Coal Group Qinghai Yihai Energy Co., Ltd.

Henan Dayou Energy Co., Ltd. (SHSE:600403) completed the acquisition of Tianjun Yihai Energy Coal Management Co. Ltd. from Yima Coal Group Qinghai Yihai Energy Co., Ltd. as of prior to December 31, 2012.