Zaozhuang Mining (Group) Co., Ltd. entered into a Free Share Transfer Agreement to acquire 6.57% stake in Zhongtai Securities Co., Ltd. (SHSE:600918) from Shandong Energy Group Co., Ltd for CNY 0 on November 30, 2021. Under terms of transaction, Shandong Energy shall transfer 458,091,900 shares in Zhongtai Securities to Zaozhuang Mining. In related transaction, Zaozhuang Mining (Group) Co., Ltd. entered into a share transfer agreement to acquire 26.05% stake in Zhongtai Securities Co., Ltd. from Laiwu Steel Group Ltd. for CNY 19.6 billion on November 30, 2021.The transaction is subject to approval by competent state-owned asset regulatory authorities and approved in accordance with the internal procedures of Shandong Energy and Zaozhuang Mining. The completion of Zaozhuang Mining Free Share Transfer is conditional on Zaozhuang Mining Free Share Transfer Agreement being effective and Unconditional. The China Securities Regulatory Commission approved the relevant shareholder qualifications for this gratuitous transfer. Huang Zhaohui, Wang Sheng and Du Yiqing of China International Capital Corporation acting as a financial advisor to Zaozhuang Mining (Group) Co., Ltd. for the transaction.

Zaozhuang Mining (Group) Co., Ltd. completed the acquisition of 6.57% stake in Zhongtai Securities Co., Ltd. (SHSE:600918) from Shandong Energy Group Co., Ltd on July 28, 2022.