Inner Mongolia Saimengteer Coal Industry Co., Ltd. agreed to acquire 70% stake in Inner Mongolia Boyuan Coal Chemical Industry Co., Ltd. from Inner Mongolia Yuan Xing Energy Co.,Ltd (SZSE:000683) for CNY 3.7 billion on September 14, 2021. As of July 31, 2021, Inner Mongolia Boyuan Coal Chemical Industry Co., Ltd. has reported total assets of CNY 2.81 billion and net assets of CNY 650.99 million. The Board of Directors and supervisory board of Inner Mongolia Yuan Xing Energy Co.,Ltd has approved the transaction.