According to the report from Zhutong Finance and Economics APP, Shanxi Antai Group (600408.SH) announced that on September 26, 2024, Shanxi Antai Group Limited (Party A, Acquirer) signed an 'Equity Transfer Letter of Intent' with Yang Ruiping (Party B, Transferor), Shanxi Jiexiu Xinyugou Zuozegou Coal Industry Co., Ltd. (Party C, Target Company). The company plans to acquire a portion of the equity of the target company held by Yang Ruiping and his affiliates in cash or other ways, with the expected equity transfer proportion not less than 20% and not more than 45%. The total price paid by Party A for this transaction will not exceed 0.5 billion RMB.

It is reported that the target company (Unified Social Credit Code: 911400001130318232) was established in July 2001, located in Hongyaiwan Village, Lianfu Town, Jiexiu City, Jinzhong City, Shanxi Province. It is an enterprise mainly engaged in coal mining and washing. The company's registered capital is 60 million yuan, and the actual paid-up capital is 60 million yuan. The company currently holds coal reserves of approximately 86 million tons, with recoverable reserves of approximately 58 million tons, and an annual mining capacity of 0.9 million tons.

The company stated that the main business of the target company is coal mining and washing, with approximately 86 million tons of coal reserves and approximately 58 million tons of recoverable reserves, mainly high-quality coking coal. The company plans to acquire a portion of the equity of the target company mainly to ensure the supply of raw coal needed for the company's coke production, cope with fluctuations in the coal market, enhance risk resistance, improve the profitability of coke products, and enhance the company's operational performance.