Gansu Energy Chemical subsidiary wins two Jiulongchuan coal mine contracts totalling RMB 88.9164 million

On August 7, Gansu Energy Chemical announced that its wholly-owned subsidiary, Gansu Coal No. 1 Engineering Co. , Ltd. , had won two construction projects from Gansu Energy Qingyang Coal Power Co. , an enterprise under its controlling shareholder. The first project, for slope treatment works on the industrial site of the Jiulongchuan coal mine, has a total contract price of RMB 47.2545 million (tax inclusive). The second project, for river channel treatment and flood control works on the same industrial site, has a total contract price of RMB 41.6619 million (tax inclusive). The combined value of the related-party transactions amounts to RMB 88.9164 million (tax inclusive).