Gansu Nanhua: Subsidiary company wins bid for 3.59 billion yuan project construction project, constituting related party transaction.

date
17/12/2025
Gansu Energy Chemical Industry Group announced that its wholly-owned subsidiary, Coal Company, in collaboration with TianDi Technology, has won the bid for the construction project of the Jiu Longchuan Coal Mine in Gansu Ningzheng Mining Area of Qingyang Coal and Electricity, with a total project cost of 358,625.9 million yuan. Qingyang Coal and Electricity is a subsidiary of the company's controlling shareholder, and this transaction constitutes a related party transaction, not a major asset restructuring. In 2025, the board of directors approved the proposal with three related directors recusing themselves from voting. The contract period is 780 days, and winning this bid will help expand the business scale and increase revenue and profitability. From the beginning of the year to September 30, 2025, the company has accumulated related party transactions with its controlling shareholder and its subsidiaries totaling 275,894.4 million yuan.