Huaihe Energy (600575.SH) issuing shares and paying cash to purchase assets has obtained approval from the Shanghai Stock Exchange.

Huaihe Energy (600575.SH) announced that the company plans to purchase 89.30% of the equity of Huaihe Energy Power Group Co., Ltd. held by its controlling shareholder, Huainan Mining (Group) Co., Ltd., through the issuance of shares and payment of cash. The Shanghai Stock Exchange's M&A Review Committee held its 17th meeting of 2025 on November 5, 2025 to review the application for this transaction. According to the announcement of the results of the 17th meeting of the Shanghai Stock Exchange's M&A Review Committee in 2025, the review result of this transaction is that it meets the restructuring conditions and disclosure requirements.