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

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