Shanxi Changzhi Liansheng Coal Industry Investment Co., Ltd. signed equity transfer contract to acquire 39% stake in Shanxi Lu’an Yuanfeng Mining Industry Co., Ltd. from Shanxi Lu'an Environmental Energy Development Co., Ltd. (SHSE:601699) for CNY 350 million on October 9, 2020. After the transfer, Shanxi Lu'an Environmental Energy Development Co., Ltd. will still hold 51% of Yuanfeng Mining.