Sundiro Holding (000571.SZ) subsidiary plans to implement an intelligent coal mining system project in two mines with a total investment of 2.53 billion yuan.

Sundiro Holding (000571.SZ) announced that, in accordance with the "Three-Year Action Plan for the Promotion of Coal Mine Intelligence Construction in Inner Mongolia" (Inner Mongolia Safety Supervision Letter [2021] No.191) and the "Notice of Inner Mongolia Autonomous Region Energy Bureau National Mine Safety Supervision Bureau Inner Mongolia Bureau on Issuing the Inner Mongolia Autonomous Region Coal Mine Intelligence Construction Evaluation and Acceptance Methods (Trial)" (Inner Energy Safety Supervision Letter [2023] No.1026) and other related requirements, and considering the actual development of the company Five Nine Group, further enhance the level of mining equipment and safety production capacity. The company plans to implement the intelligent coal mining system project at two mines owned by Five Nine Group, a subsidiary in which the company holds a 51% stake. The Victory Coal Mine of Five Nine Group is expected to invest 142 million yuan, and the Yaxing Coal Mine is expected to invest 112 million yuan, with a total estimated investment of 253 million yuan.