haktutscoinmaster2019| Panjiang Shares: Plans to acquire 9% equity of Shouqian Company to strengthen its controlling position

Securities Times e Company Newshaktutscoinmaster2019, Panjiang Shares (600395)(600395) announced on the evening of May 15 that the company plans to participate in the acquisition of Guizhou Shouqian Resources Development Co., Ltd.(referred to as "Shouqian Company") publicly listed for transfer by Shougang Shuicheng Iron and Steel (Group) Co., Ltd. through public delisting.) 9% equity, with a listed transfer base price of 1haktutscoinmaster2019.12 billion yuan. If the acquisition is successful, the company's shareholding in Shouqian Company will increase from 86% to 95%. Yangshan Coal Mine, a subsidiary of Shouqian Company, is rich in coal resources and has the advantages of excellent coal quality and high selectivity. The company's acquisition of 9% equity in Shouqian Company will help expand the main coal industry and strengthen the company's controlling position in Shouqian Company. In addition, after comprehensive consideration of the company's financial status and project investment risks and other factors, and from the perspective of sound operations, the company decided to abandon the business opportunity of cooperating with Guizhou Wujiang Hydropower Development Co., Ltd. to invest and operate the "Bijie Fire, Wind and Light Integrated Power Generation Project".