Stock Code: 600985 stock abbreviation: Huaibei Mining Holdings Co.Ltd(600985) Announcement No.: pro 2021-079
Huaibei Mining Holdings Co.Ltd(600985)
About joint investment and establishment of the company by subsidiaries and related parties
And supplementary announcement on risk tips of related party transactions
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
On December 28, 2021, Huaibei Mining Holdings Co.Ltd(600985) (hereinafter referred to as “the company”) disclosed the announcement on joint investment and establishment of companies and related party transactions by subsidiaries and related parties (Announcement No.: pro 2021-078) on the website of Shanghai Stock Exchange. The company’s subsidiaries Huaibei Mining Holdings Co.Ltd(600985) Co., Ltd. (hereinafter referred to as “huaikuang Co., Ltd”) and Linhuan Coking Co., Ltd. (hereinafter referred to as “Linhuan coking”) ）Anhui carbon Xin Technology Co., Ltd. (hereinafter referred to as “carbon Xin Technology”) plans to jointly invest with the related party Anhui HuaSu Co., Ltd. (hereinafter referred to as “HuaSu”) to establish Huaibei Mining Holdings Co.Ltd(600985) Green Chemical New Material Research Institute Co., Ltd. (tentative name, hereinafter referred to as “chemical Research Institute”, which shall be subject to the industrial and commercial registration). The relevant risks are hereby supplemented and disclosed as follows:
1. The main business of Chemical Research Institute is to carry out scientific research and technical exploration, and there is no detailed research direction, research plan and investment plan.
2. Huaikuang Co., Ltd., a subsidiary of the company, is mainly engaged in coal mining, washing, processing, sales, storage, etc; Linhuan coking is mainly engaged in the production and sales of coke and chemical products and the development of related products; Carbon Xin technology is mainly engaged in the technical consultation, technical service and technical development of carbon based new materials and chemical products, as well as the production and sales of chemical raw materials and chemical products. After the establishment of Chemical Research Institute, it will not have a great impact on the company’s main business.
3. The establishment of chemical industry research institute still needs to be filed or approved by relevant competent departments, and there is uncertainty about whether it can be obtained and when it can finally be filed or approved.
4. After the establishment of Chemical Research Institute, it will be included in the scope of the company’s consolidated statements and will not have a great impact on the company’s operating performance in the short term.
5. Up to now, the company’s main business is still coal mining, washing, processing and sales, and the production and sales of coal chemical products. The specific plans for the transformation and development to new materials, new energy, green chemical technology development and other fields are still being studied and determined, and the relevant professionals and technologies have not been fully equipped and reserved. Subsequently, the company will further improve the staffing and technical reserve through partner support, external introduction and internal training according to the actual situation. Therefore, the relevant business forms a test for the company in terms of talent and management. It is hereby announced.
Huaibei Mining Holdings Co.Ltd(600985) board of directors December 28, 2021
