Treasure Mining Co., Ltd. (601121.SH) issue shares and pay cash to purchase assets has been approved by the Shanghai Stock Exchange.

Intelligent financial news app, Baodi Mining (601121.SH) announced that the company plans to purchase 82% of Xinjiang Congling Energy Co., Ltd. (referred to as "Congling Energy") from Kezhou Congling Industrial Co., Ltd. through the issuance of shares and payment of cash. The company also plans to purchase 5% of Congling Energy's equity from JAAN INVESTMENTS CO. LTD. through the payment of cash, and to issue shares to no more than 35 specific investors including Xinjiang Mineral Investment (Group) Co., Ltd., and raise supporting funds. The M&A and Restructuring Review Committee of the Shanghai Stock Exchange (referred to as the "SSE M&A Committee") held its 19th M&A and Restructuring Review Committee meeting on December 5, 2025, to review the company's application for this transaction. According to the announcement of the results of the 19th meeting of the Shanghai Stock Exchange M&A and Restructuring Review Committee in 2025 released by the SSE M&A Committee, the result of the meeting was that this transaction meets the conditions for restructuring and disclosure requirements.