Shaanxi Heimao Coking Co., Ltd. (SHSE:601015) agreed to acquire Zhangye Hongneng Coal Industry Co., Ltd. from Shaanxi Yellow River Mining (Group) Co., Ltd. on November 18, 2021. Within 30 days from the effective date of the agreement, the company shall pay 51% of the equity transfer price to Huanghe Mining. The company shall pay the remaining equity transfer price within three working days from the date when Hongneng Coal Industry completes the industrial and commercial registration of the equity change. The company will use its own funds to pay the purchase price of the equity, and Zhangye Hongneng Coal Industry Co., Ltd 's installment of borrowings will not have a significant impact on the company's and Zhangye Hongneng Coal Industry Co., Ltds daily operating cash flow and financial status. This transaction was reviewed and approved at the 32nd meeting of the fourth board of directors of the company. Zhangye Hongneng Coal Industry reported total assets as CNY 2.2 billion and net assets as CNY 51.4 million for the period end on June 30, 2021.