Shanxi Coking Coal Energy Group Co. ,Ltd. (SZSE:000983) signed the Conditional Agreement to acquire 51% in Huozhou Coal Electricity Group Hejin Tenghui Coal Industry Co., Ltd for approximately CNY 390 million on December 8, 2020. Shanxi Coking Coal Energy Group Co. ,Ltd. (SZSE:000983) will pay the entire transfer price of CNY 389 million in a lump sum within 5 working days after this agreement becomes effective. After the completion of the transaction, Shanxi Coking Coal Energy Group Co. ,Ltd. (SZSE:000983) will hold 51% of Huozhou Coal Electricity Group Hejin Tenghui Coal Industry Co., Ltd, and will become the controlled subsidiary. As of September 30, 2020, Huozhou Coal Electricity Group Hejin Tenghui Coal Industry Co., Ltd recorded total assets of CNY 1.39 billion, net assets of 439.3 million. As of December 31, 2019, Huozhou Coal Electricity Group Hejin Tenghui Coal Industry Co., Ltd recorded total assets of CNY 1.3 billion, net assets of 514.7 million, operating revenue of CNY 850.5 million, operating profit of CY 325.3 million and net profit of CNY 243.7 million.