Henan Shenhuo Coal & Power Co.,Ltd (SZSE:000933) agreed to acquire an additional 40.1% stake in Yunnan Shenhuo Aluminum Co., Ltd. from Henan Shenhuo Group Co., Ltd. and Henan Asset Shangfa Shenhuo Green Development Fund (Limited Partnership) on May 11, 2022. The consideration shall be payable through cash and share issuance. As per the transaction, Henan Shenhuo Coal & Power Co.,Ltd will acquire 30.2% and 9.9% stake from Henan Shenhuo Group Co., Ltd. and Henan Asset Shangfa Shenhuo Green Development Fund (Limited Partnership) respectively. Post completion, Henan Shenhuo Coal & Power Co.,Ltd will own 83.5% stake of Yunnan Shenhuo Aluminum Co., Ltd. As of March 31, 2022, Yunnan Shenhuo Aluminum Co., Ltd. has reported total assets of CNY 14.29 billion and net assets of CNY 6.98 billion. The transaction is subject to obtaining approvals from Board of Directors of Henan Shenhuo Coal & Power Co.,Ltd after the audit and appraisal works, competent state-owned assets supervision and administration department, shareholders of Henan Shenhuo Coal & Power Co.,Ltd, China Securities Regulatory Commission approval and counterparty to the transaction considers and approves the formal plan for this transaction. The the 23rd session of the company's 8th directorate approved the transaction.

Henan Shenhuo Coal & Power Co.,Ltd (SZSE:000933) cancelled the acquisition of additional 40.1% stake in Yunnan Shenhuo Aluminum Co., Ltd. from Henan Shenhuo Group Co., Ltd. and Henan Asset Shangfa Shenhuo Green Development Fund (Limited Partnership) on November 11, 2022. The board of Henan Shenhuo Coal & Power has approved the termination of acquisition of Yunnan Shenhuo Aluminum on 8th directorate and the 20th session of Henan Shenhuo Coal & Power.