AnYuan Coal Industry's major asset replacement: the transfer of Jinhuan Magnetic Separation Co., Ltd. has been completed, and the delivery of the transferred assets is in progress.

On August 11, 2025, AnYuan Coal Industry Group Co., Ltd. held its second extraordinary general meeting of shareholders in 2025 to consider and approve the major asset swap and related party transactions scheme. The company plans to swap a portion of its coal-related assets and liabilities with Jiangtung Development's 85.5 million shares of Jinhuo Magnetic Selection equivalent, with the difference being supplemented with cash. As of the announcement date on August 13, Jiangtung Development has already paid the difference of 1.0724 million yuan, Jinhuo Magnetic Selection has completed the change of articles of association and shareholders' register, and the transfer of 85.5 million shares of stock has been completed, with AnYuan Coal Industry now holding these shares. The registration of changes in the business and other asset delivery work is currently underway.