Inner Mongolia Yili Energy Company Limited (SHSE:600277) signed the framework agreement to acquire Etuoke Banner Hongbin coal mine from Ordos Tianfuan Investment Co., Ltd. for CNY 400 million on June 27, 2012. The transaction is subject to coal resources and reserves of Hongbin coal mine being not less than 12.33 million tons and obtaining of reviews on mineral resources and reserves and proof of records from the Ministry of Land and Resources. The transaction is not subject to shareholders' approval and was approved by the Board of Inner Mongolia Yili Energy Company Limited. As of May 31, 2013, Inner Mongolia Yili Energy already paid CNY 370.10 million, and still needs to pay remaining amount.

Inner Mongolia Yili Energy Company Limited (SHSE:600277) cancelled the acquisition of Etuoke Banner Hongbin coal mine from Ordos Tianfuan Investment Co., Ltd. on January 2, 2014.