Pingdingshan Tianan Coal Mining announced that to broaden financing channels and meet the funding needs for business development, the company plans to apply to the Bank Of China interbank market dealers association for the registration of perpetual bonds not exceeding 3 billion yuan (inclusive) in Renminbi, and will issue them once or in installments within China according to its capital needs during the validity period of the registration limit. The basic term of issuance shall not exceed 10 years (inclusive), and the issuance interest rate will be determined based on the company's credit rating and the supply-demand relationship of the funding market. The underwriting method will adopt balance underwriting, with the issuance targets being institutional investors in the national interbank bond market. The raised funds will be used for purposes including but not limited to replenishing working capital and repaying loans and bonds from financial institutions, and for project construction, etc. The validity of this resolution will remain effective after the decision on this issuance matters is reviewed and approved by the Board of Directors of the company, during the validity period of the registration of these medium-term notes. At the same time, the company requests the Board of Directors to agree to authorize the chairman to handle all matters related to the registration and issuance of this debt financing tool.