Shanxi Coking Coal Group Finance Co., Ltd. announced a private placement of CNY 1,000 million on December 20, 2019. The transaction will include participation from Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983) for CNY 200 million and Shanxi Coking Coal Group Co., Ltd. for CNY 800 million. Prior to the transaction, Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983) held 20% stake in the company and Shanxi Coking Coal Group Co., Ltd. held 80% stake in the company. Post-closing the transaction, the shareholding ratio of each shareholder will remain unchanged. The transaction has been approved by the 15th meeting of the 7th directorate of the investor Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983).