[Pingmei Group: Controlling shareholder intends to change the commitment to horizontal competition] Pingmei Group announced that the controlling shareholder China Pingmei Shenma Group intends to change the commitment to resolve horizontal competition issued on June 7, 2022. The original commitment letter 1 involved Shoushan Chemical, Jingbao Chemical, Zhonghong Coal Chemical, Xiadian Coal Industry, Liangbei Erjing Coal Industry, Ruiping Coal and Electricity, etc., and promised to transfer the relevant assets to the listed company or its subsidiaries within a certain period of time. It is now planned to change to entrust the relevant equity to the listed company and shut down the relevant mines within 12 months after the resources are exhausted. The original commitment letter 2 involved Pingyu Coal and Electricity and Jingsheng Coal Industry, which it manages, and promised to propose an acquisition proposal within 36 months after the injection conditions are met. It is now planned to change to entrust the relevant equity to the listed company and shut down the relevant mines within 12 months after the resources are exhausted.
