Jizhong Energy Resources (000937.SZ) plans to list and transfer 90% of its equity in Qinglong Coal Industry and the debt it holds, with a listing price of 2.116 billion yuan.

Jizhong Energy Resources (000937.SZ) announced that, in order to revitalize assets and quickly return funds, the company intends to publicly list and transfer 90% equity of Shanxi Jieneng Qinglong Coal Industry Co., Ltd. (referred to as "Qinglong Coal Industry" or "Target Company") and the debt rights of the company's Qinglong Coal Industry (referred to as "Target Asset Package") in Hebei Property Rights Market Co., Ltd. The listed price for the target asset package is 2.116 billion RMB, and the final transfer price is subject to the delisting price. This transfer of equity and debt rights of Qinglong Coal Industry conforms to the company's development strategy and plan. The transaction is beneficial for a quick return of funds, revitalization of assets, and maximizing state-owned asset income. The transfer of equity and debt rights is conducted through public listing and transfer, and there is no situation that would harm the interests of the company, shareholders, especially small and medium-sized shareholders.