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]

Core Viewpoint - Yanzhou Coal Mining Company Limited plans to acquire 100% equity of Shandong Energy Equipment Group High-end Support Manufacturing Co., Ltd. for an assessed value of 345 million yuan, which will help eliminate industry competition and accelerate the integration of the equipment manufacturing sector, promoting the intelligent construction of coal mines [1] Group 1 - Yanzhou Coal's wholly-owned subsidiary, Yanzhou Donghua Heavy Industry Co., Ltd., is the entity making the acquisition [1] - The acquisition is aimed at resolving competition within the same industry [1] - The transaction is expected to enhance the integration layout of the equipment manufacturing industry [1] Group 2 - The deal will support the advancement of intelligent construction processes in coal mining [1]