Core Viewpoint - Shaanxi Energy Investment Co., Ltd. announced that its subsidiary, Shaanxi Linbei Coal Industry Development Co., Ltd., received an administrative penalty from the National Mine Safety Supervision Bureau for safety violations, including exceeding personnel limits and not adhering to underground labor regulations [1][2]. Group 1 - The administrative penalty includes a five-day production suspension and a fine of 940,000 RMB (approximately 0.14 million USD) [1]. - The company has mandated Linbei Coal to complete comprehensive rectification in accordance with the administrative penalty decision [1]. - The company will enhance supervision of its subsidiaries to ensure compliance with safety production regulations [1]. Group 2 - The penalty does not fall under the major violations that would trigger mandatory delisting as per the Shenzhen Stock Exchange listing rules [2]. - The company anticipates that this penalty will not have a significant impact on its production and operations [2]. - The company will fulfill its obligation to disclose any subsequent developments regarding the penalty [3].
陕西能源投资股份有限公司关于控股子公司收到行政处罚决定书的公告