Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) the holding subsidiary was fined 15513400 yuan for environmental violations

According to the data monitored by the “A-share green report” project, Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) (601699. SH) holding subsidiary Puxian Xinliangyou Coal Industry Co., Ltd. of Shanxi Lu’an Group was subject to administrative punishment for environmental violations. According to the first paragraph of Article 31 of the Environmental Impact Assessment Law of the people’s Republic of China, Shanxi Lu’an Group Puxian Xinliangyou Coal Industry Co., Ltd. was ordered to make corrections and fined 15513400 yuan. The punishment information was disclosed by relevant regulatory authorities on January 7, 2022.

The “A-share green report” project is jointly launched by the daily economic news and the well-known NGO Public Environmental Research Center (IPE) in the field of environmental protection, aiming to make the environmental information of listed companies more sunny and transparent. Based on the authoritative environmental regulatory data released by 31 provinces, municipalities and 337 prefecture level municipal governments, the project selects and monitors the environmental performance of listed companies and their subsidiaries (including branches, joint-stock companies and holding companies), makes professional data analysis and in-depth interpretation, intelligently writes daily, timely publishes the AI green report of listed companies, and launches the A-share green weekly report every week, Regularly and dynamically update the environmental risk list of listed companies.

According to the content of the administrative punishment decision with the document No. lhfz [2021] 014026, on October 11, 2021, the law enforcement personnel found it during the on-site inspection and investigation of Puxian Xinliangyou Coal Industry Co., Ltd. of Shanxi Lu’an Group; 1. Shutdown status of Shanxi Lu’an Group Puxian Xinliangyou Coal Industry Co., Ltd; 2. Shanxi Lu’an Group Puxian Xinliangyou Coal Industry Co., Ltd. started construction without going through the environmental protection approval procedures.

According to the A-share green weekly report of the previous period (total issue 61), a total of 63 listed companies have recently exposed environmental risks, mainly in Beijing, Zhejiang, Jiangsu and Guangdong. Among them, 25 are state-owned controlled enterprises and 11 are enterprises with a market value of 100 billion. In addition to environmental risks, in the first week of January 2022, 21 projects of A-share listed companies and their subsidiaries entered the publicity status of EIA approval.

According to the semi annual report of 2021, Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) is mainly engaged in mining industry and coal chemical industry, accounting for 85.64% and 12.86% of revenue respectively.

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