Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) agreed to Spin-Off 85.01967% stake in Zhengzhou Hengda Intelligent Control Technology Co., Ltd. on February 1, 2023. Upon completion, Zhengzhou Coal Mining plans to list Zhengzhou Hengda Intelligent on a domestic stock exchange. As of August 4, 2023, Shareholders meeting is scheduled to be held on August 22, 2023.

Computershare Hong Kong Investor Services Limited acted as the registrar, CSC Financial Co., Ltd. (SEHK:6066) acted as a finanicial advisor, Haiwen & Partners LLP acted as a legal advisor, BDO China SHU LUN PAN Certified Public Accountants LLP acted as an accountant to Zhengzhou Coal Mining Machinery Group Company Limited.