Yankuang Energy Group Company Limited (SEHK:1171) agreed to acquire 51% stake in Yankuang Xinjiang Nenghua Co., Ltd. from Shandong Energy Group Co., Ltd. and Xinwen Mining Group Co.,Ltd for CNY 8 billion on April 28, 2023. Yankuang Energy Group Co., Ltd held the twenty-ninth meeting of the eighth board of directors on April 28, 2023, and reviewed and approved the "Proposal on the Acquisition". As of June 30, 2023, the transaction is approved by shareholders of Yankuang Energy Group Company Limited.

Yankuang Energy Group Company Limited (SEHK:1171) completed the acquisition of 51% stake in Yankuang Xinjiang Nenghua Co., Ltd. from Shandong Energy Group Co., Ltd. and Xinwen Mining Group Co.,Ltd on September 30, 2023.