Shaanxi Black Cat: Financing with 49% equity stake in Jianshe Xinmei coalification.

Shaanxi Black Cat announced that the company plans to cooperate with the Shaanxi branch of China Cinda Asset Management Co., Ltd. to finance the 49% equity of Shaanxi Jianxin Coal Chemical Co., Ltd. held by the company. The company will entrust 12% of its equity in Jianxin Coal Chemical to Jinguy Trust to establish a trust plan, and jointly establish a limited partnership enterprise Tianjin Xinjianhe with Jinguy Trust and Xinshenglipao. Tianjin Xinjianhe will acquire 37% equity of Jianxin Coal Chemical held by the company for 14.5 billion yuan, thereby holding 49% equity of Jianxin Coal Chemical. The company has the right to acquire this 49% equity in the future. The transaction is expected to generate approximately 1.45 billion yuan in cash inflow, which will be used to supplement the company's working capital.