Core Viewpoint - China Coal Energy (601898) announced the acquisition of a 30% stake in a new energy company from Ping Shuo Development Company for RMB 115 million, which will result in the new energy company becoming a wholly-owned subsidiary of the company [1] Group 1: Acquisition Details - The acquisition agreement was signed on October 27, 2025, between Ping Shuo Group, a wholly-owned subsidiary of China Coal Energy, and Ping Shuo Development Company [1] - Following the completion of the acquisition, Ping Shuo Group will hold 100% of the new energy company, which was established in May 2022 with a 70% stake held by Ping Shuo Group and a 30% stake by Ping Shuo Development Company [1] Group 2: Company Profile - The new energy company is a limited liability company registered under Chinese law, specializing in new energy generation, new energy technology services, engineering management, and contract energy management [1] Group 3: Strategic Implications - The acquisition will streamline ownership and management relationships, further integrate the new energy industry layout in the Ping Shuo mining area, and promote the company's green and low-carbon development [1]

Core Viewpoint - The company, China Coal Energy, announced a share transfer agreement where its wholly-owned subsidiary, Pingluo Group, will acquire a 30% stake in a new energy company from Pingluo Development Company for a consideration of RMB 115 million, making the new energy company an indirect wholly-owned subsidiary of China Coal Energy after the acquisition is completed [1]. Group 1 - The acquisition involves a 30% stake in the new energy company [1] - The purchase price for the stake is RMB 115 million [1] - Upon completion of the acquisition, the new energy company will become an indirect wholly-owned subsidiary of China Coal Energy [1] Group 2 - The new energy company specializes in new energy generation, new energy technology services, engineering management, and contract energy management [1]