CStone Pharmaceuticals — M&A Activity 2025

Jul 11, 2025

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亮礦能源集團股份有限公司

YANKUANG ENERGY GROUP COMPANY LIMITED*

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01171)

ANNOUNCEMENT ON THE COMPLETION OF DISCLOSABLE AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF EQUITY INTEREST IN XIBEI MINING AND CAPITAL INCREASE IN XIBEI MINING

This is a voluntary announcement made by Yankuang Energy Group Company Limited* (the "Company").

References are made to the announcement published on 8 April 2025 and the circular issued on 15 May 2025 (the "Circular") by the Company, respectively, in relation to, among others, the discloseable and connected transaction in relation to the acquisition of equity interests in Shandong Energy Group Xibei Mining Co., Ltd.* (山東能源集團西北礦業有限公司) ("Xibei Mining") and capital increase in Xibei Mining; and the announcement on the resolutions passed at the 2024 annual general meeting published on 30 May 2025 by the Company. Unless the context otherwise requires, the terms used in this announcement shall have the same meanings as defined in the Circular.

The Company held the fifteenth meeting of the ninth session of the Board of Directors on 8 April 2025 and the 2024 annual general meeting on 30 May 2025, at which the "Proposal on Acquisition of $51\%$ Equity Interest in Xibei Mining through Transfer by Agreement and Capital Increase" was considered and approved. Pursuant to such proposal, the Company acquired a $26\%$ equity interest in Xibei Mining for a cash consideration of RMB4.748 billion (the "Transfer") and made a capital contribution of RMB9.318 billion in cash to Xibei Mining (the "Capital Increase", together with the Transfer, the "Transaction"). Upon the completion of the Transaction, the Company will hold $51\%$ equity interest in Xibei Mining.

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As of 11 July 2025, the registration procedures relating to the changes as a result of the Transaction have been completed. Pursuant to the Agreement on the Equity Interest Acquisition and Capital Increase of Shandong Energy Group Xibei Mining Co., Ltd., the Transaction has been completed, and the Company now holds 51% equity interest in Xibei Mining. The shareholding structure of Xibei Mining is as follows:

Name of shareholder		Percentage of shareholding	Subscribed capital contribution (RMB)
1	Yankuang Energy Group Company Limited*	51%	3,851,020,408
2	Zibo Mining Group Co., Ltd.* (淄博礦業集團有限責任公司)	49%	3,700,000,000
	Total	100%	7,551,020,408

By order of the Board

Yankuang Energy Group Company Limited*

Li Wei

Chairman of the Board

Zoucheng, Shandong Province, the PRC

11 July 2025

As at the date of this announcement, the Directors of the Company are Mr. Li Wei, Mr. Wang Jiuhong, Mr. Liu Jian, Mr. Liu Qiang, Mr. Zhang Haijun, Mr. Su Li and Mr. Huang Xiaolong, and the independent non-executive Directors of the Company are Mr. Zhu Limin, Mr. Gao Jingxiang, Mr. Woo Kar Tung, Raymond and Ms. Zhu Rui.

• For identification purpose only