Pingmei Coal Group plans to apply for a 1.344 billion yuan loan from the National Development Bank for the coal mine digitalization and intelligent transformation enhancement project.

Pingmei Stock announced that in order to ensure the construction of the "Pingdingshan Tianan Coal Industry Co., Ltd. Coal Mine Digitalization and Intelligent Transformation Enhancement Project" is completed on time, according to the project funding requirements, the company plans to apply to the National Development Bank for a lead-lending syndicated credit of 1.344 billion yuan and a loan term of 10 years.