National Energy Investment Group Co., Ltd. agreed to acquire additional 12.28% of stake in Ningxia Western Venture Industrial Co.,Ltd. from Ningxia State-owned Capital Operation Group Co.,Ltd. for CNY 1.1 billion on September 2, 2022. After the completion of the transfer of the target shares, the board of directors of the company will be increased from 9 Directors to 11 Directors, and the newly added 2 Directors (1 independent Director and 1 non-independent Director) shall be nominated by Shenhua Ningxia Coal Group, and 6 Directors (including 3 Directors) Independent Directors and 3 non-independent Directors) shall be nominated by Ningxia State-owned Capital Operation. The transaction is subject to approval of Ningxia State-owned Capital's Board, Shenhua Ningxia Coal Group Corporation's shareholders and respective competent state-owned assets supervision and administration agencies.

National Energy Investment Group Co., Ltd. completed the acquisition of additional 12.28% stake in Ningxia Western Venture Industrial Co.,Ltd. (SZSE:000557) from Ningxia State-owned Capital Operation Group Co.,Ltd. on October 25, 2022.