Core Viewpoint - Yanzhou Coal Mining Company Limited (兖矿能源) announced the acquisition of 100% equity in Gaoduan Support Company from Shandong Energy Equipment, with a total transaction value of RMB 345 million, aimed at eliminating competition and enhancing operational efficiency [1] Group 1: Acquisition Details - The acquisition agreement was signed on November 27, 2025, between Donghua Heavy Industry (a wholly-owned subsidiary of Yanzhou Coal) and Shandong Energy Equipment [1] - Following the completion of the equity transfer, Yanzhou Coal will indirectly hold 100% equity in Gaoduan Support Company, making it a wholly-owned subsidiary [1] Group 2: Business Operations - Gaoduan Support Company is a limited liability company established under Chinese law, primarily engaged in mining machinery manufacturing, general equipment manufacturing, equipment repair, and sales of specialized equipment [1] - The acquisition is expected to resolve the existing competition between Gaoduan Support Company and Donghua Heavy Industry, facilitating the integration of the company's equipment manufacturing sector [1] Group 3: Strategic Benefits - The transaction aims to reduce related party transactions and lower procurement costs for Yanzhou Coal, maximizing overall efficiency [1] - The acquisition will support the intelligent construction of coal mines, contributing to safe and efficient mining operations and high-quality development [1]