China Shenhua Energy (01088) subsidiary obtains approval for the Dongsheng to Taigemiao Railway Project.

China Shenhua Energy (01088) announced that recently, the company's Dongsheng Dong to Taigemiao Railway project has obtained approval from the Inner Mongolia Autonomous Region Development and Reform Commission. The Dongsheng Dong to Taigemiao Railway project is located in Inner Mongolia Erdos Resources City of Ejin Horo Banner and Kangbash District, from Haileshao South Station to the Taigemiao Mine Area Yuelinshu Bay Loading Station. The main line is 97.611 kilometers long, with 8.915 kilometers of connecting lines connecting to other railways such as Bajun and Baoshen, serving as the main transportation channel for the New Street Taigemiao Mine Area and nearby coal mines. The total investment for the project is approximately RMB 11.347 billion, with 30% of the funds coming from the project construction unit's own capital and 70% from bank loans. The construction period of the project is 3.5 years from the start date. The project construction unit is Guoneng Baoshen Dongyue Railway Co., Ltd., a wholly-owned subsidiary of the company, Guoneng Baoshen Railway Group Co., Ltd., with a 65% equity contribution. The company will actively promote the project construction in accordance with the requirements of the approval, and fulfill the relevant information disclosure obligations in a timely manner in accordance with the requirements of securities regulation.