Investment Overview - The company plans to establish a joint venture, Shaanxi Coal and Construction Machinery Co., Ltd., with Zhengzhou Hengda Intelligent Control Technology Co., Ltd. to focus on intelligent mining control systems and core component development [1][2] - The registered capital of the joint venture is set at RMB 100 million, with the company contributing RMB 51 million (51% equity) and Hengda contributing RMB 49 million (49% equity) [1][2] Board Approval - The company's board of directors approved the investment proposal with a unanimous vote of 7 in favor, with no opposition or abstentions [3] Non-Related Party Transaction - The investment does not involve related party transactions and does not constitute a major asset restructuring as defined by relevant regulations [4] Joint Venture Objectives - The joint venture aims to provide comprehensive, safe, reliable, and efficient solutions for intelligent mining control systems [7] Organizational Structure - The joint venture will have a board of directors consisting of three members, with the company nominating two and Hengda nominating one [8] Strategic Impact - This investment is expected to enhance the company's market presence and competitiveness, leveraging its engineering machinery manufacturing expertise alongside Hengda's technological advantages in intelligent mining systems [10]

Investment Overview - The company plans to jointly invest with Zhengzhou Hengda Intelligent Control Technology Co., Ltd. to establish a new joint venture named Shaanxi Shanmei Hengda Intelligent Control Technology Co., Ltd. with a registered capital of RMB 100 million [1][2] - The company will contribute RMB 51 million, holding a 51% stake, while Hengda Intelligent Control will contribute RMB 49 million for a 49% stake [1][2] Board Approval - The company's board of directors approved the investment proposal during the 16th meeting of the 8th board on August 22, 2025, with unanimous support (7 votes in favor) [2] Joint Venture Details - The joint venture will focus on the research and manufacturing of intelligent mining control systems and core components, providing comprehensive, safe, reliable, and efficient solutions for coal mining [2][6] - The joint venture will be governed by a board consisting of three directors, with the company nominating two and Hengda nominating one [6] Partner Company Profile - Zhengzhou Hengda Intelligent Control Technology Co., Ltd. specializes in various manufacturing sectors, including hydraulic power machinery, industrial robots, and intelligent control systems [3][4] - The company was established on April 14, 1999, with a registered capital of RMB 360 million and is primarily controlled by Zhengzhou Coal Mining Machinery Group Co., Ltd. [3][4] Strategic Impact - This investment is expected to enhance the company's market presence and competitiveness by leveraging its engineering machinery manufacturing expertise alongside Hengda's technological advantages in intelligent mining systems [7] - The collaboration aims to deepen strategic alignment and expand market opportunities in the intelligent mining sector, addressing the growing demand for smart equipment [7]

Core Viewpoint - The company plans to establish a joint venture with Zhengzhou Hengda Zhikong Technology Co., Ltd. to enhance the development of intelligent mining control systems and core components [1] Group 1: Joint Venture Details - The registered capital of the joint venture is set at 100 million yuan, with the company contributing 51 million yuan for a 51% stake [1] - Zhengzhou Hengda Zhikong will contribute 49 million yuan for a 49% stake in the joint venture [1] Group 2: Strategic Objectives - The initiative aims to accelerate industrial restructuring and focus on the research and manufacturing of intelligent mining control systems [1] - The joint venture intends to provide comprehensive, safe, reliable, and efficient solutions for intelligent mining control systems [1]

Core Viewpoint - The article highlights the significant advancements in coal mining technology led by Fan Jingdao, focusing on the transition from manual to intelligent mining methods, which aim to enhance safety and efficiency in the industry [2][8]. Group 1: Background and Achievements - Fan Jingdao, a prominent figure in coal mining technology, has dedicated decades to research and innovation, achieving notable awards such as the 2020 National Science and Technology Progress Award [2]. - The shift from traditional coal mining methods to intelligent mining has been a key focus, with the goal of allowing coal extraction without miners physically entering the mines [2][6]. - The introduction of intelligent mining techniques has significantly improved production efficiency and safety conditions for miners [4][6]. Group 2: Technological Innovations - The development of remote-controlled mining operations has been a major breakthrough, allowing for coal extraction from the surface without the need for miners to descend into the mines [5][7]. - The implementation of a comprehensive intelligent mining system, integrating 5G technology, aims to address challenges in real-time data transmission and operational efficiency [8][9]. - The construction of the Keke Gai coal mine utilized advanced techniques that reduced the construction period from five years to just 13 months, showcasing the potential for rapid and safe mining operations [9]. Group 3: Future Directions - The ongoing efforts to further develop intelligent mining systems are crucial for the future of the coal industry, with a focus on enhancing safety and operational efficiency [8][9]. - The integration of new technologies and innovative practices is seen as essential for the sustainable development of coal mining, aligning with broader industry goals for high-quality growth [9].