Inner Mongolia Yuan Xing Energy Co.,Ltd (SZSE:000683) agreed to acquire 9.5% stake in Inner Mongolia Boyuan Yingen Mining Co., Ltd from Inner Mongolia Miduo Energy Co., Ltd. for CNY 1.1 billion on July 25, 2021. In a relation transaction Inner Mongolia Yuan Xing Energy Co.,Ltd entered into a capital increase transaction of Inner Mongolia Boyuan Yingen Mining Co., Ltd. After the completion of this equity acquisition and capital increase, Inner Mongolia Yuan Xing Energy will hold 36% of the equity of Inner Mongolia Boyuan Yingen Mining Co., Ltd. For the year ended on June 30, 2021, Inner Mongolia Boyuan Yingen Mining reported total asset of CNY 6176.6894 million and net asserts of CNY 3336.568 million. The transaction has been approved by board of Inner Mongolia Yuan Xing Energy Co.,Ltd. The transaction is subject to approval of shareholders of Inner Mongolia Yuan Xing Energy Co.,Ltd.

Inner Mongolia Yuan Xing Energy Co.,Ltd (SZSE:000683) completed the acquisition of a 9.5% stake in Inner Mongolia Boyuan Yingen Mining Co., Ltd from Inner Mongolia Miduo Energy Co., Ltd. on February 28, 2022.