Shanxi Meijin Energy Co.Ltd(000723) received letter of concern: whether there are personnel, technology, management and other resources in the field of investment

On May 18, Shanxi Meijin Energy Co.Ltd(000723) received the attention letter issued by Shenzhen Stock Exchange. Recently, the company disclosed the announcement on the acquisition of 100% equity and investment and construction of Jiashun coking, and planned to participate in the bankruptcy reorganization project of Liuzhi Jiashun Coking Co., Ltd. (hereinafter referred to as “Jiashun coking”) by means of equity transfer, and signed the investment agreement for Guizhou ( Shanxi Meijin Energy Co.Ltd(000723) ) Liuzhi Jiashun coking coal coke hydrogen comprehensive utilization demonstration project with Liuzhi Special District People’s Government of Liupanshui City. In response to this matter, the letter of concern raised four questions. Among them, the attention letter requires the company to explain the profit forecast, investment payback period, internal rate of return, etc. of the proposed project, whether the company makes a detailed evaluation and calculation of the project in combination with industry characteristics and market development trend, whether the company has personnel, technology, management and other resources in this field, whether it fully analyzes the potential risks of the project, and explain in detail the reasons for the company’s investment in the project in combination with the above situation Rationality and necessity.

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