Anhui Hengyuan Coal Industry and Electricity Power (600971.SH) plans to acquire 100% equity of Hongneng Coal Industry and Changsheng Energy, increasing its resource reserves.

Anhui Hengyuan Coal Industry and Electricity Power (600971.SH) announced that the company plans to use its own funds to acquire 100% equity in Zhangye Hongneng Coal Industry Co., Ltd. (referred to as "Hongneng Coal Industry") and Zhangye Hongneng Changsheng Energy Co., Ltd. (referred to as "Changsheng Energy") held by Shaanxi Heimao Coking Co., Ltd. (referred to as "Shaanxi Heimao Coking"). The equity transaction price is 440 million yuan, and at the same time, the company will assume 1.137 billion yuan in debt from the target company of Shaanxi Heimao Coking. After the repayment of this debt, it will become the liability of the target company towards the company. The target company to be acquired in this transaction is engaged in the same business as the company's main business. After the acquisition is completed, it can increase the company's resource reserves and enhance the company's sustainable development capabilities.