Huaibei Mining Holdings (600985.SH) participates in the bankruptcy reorganization of Tongde Chemical as an alternate reorganization investor.

Huaibei Mining Holdings (600985.SH) announced that on July 14, 2026, the company held the 13th meeting of the 10th Board of Directors, at which the "Investment Plan for Participating in the Bankruptcy Reorganization of Tongde Chemical" was reviewed and approved. The company agreed to form an investment consortium with financial investors in the capacity of an industrial investor, and submit a reorganization investment plan to the pre-reorganization auxiliary institution of Shanxi Tongde Chemical Co., Ltd. (referred to as "Tongde Chemical") to participate in the selection of reorganization investors. On September 17, 2026, the company received a notice from the pre-reorganization auxiliary institution stating that the company was not selected as a reorganization investor but as an alternate reorganization investor, and that this matter will not have an adverse impact on the company's normal production and operations.