China Coal Energy Co (HK:1898) has released an update.
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China Coal Energy Co has announced revisions to the annual caps for transactions under its 2024 Coal and Coal Related Products and Services Supply Framework Agreement with Shanxi Coking Coal Group, affecting procurement and service acceptance for the three-year period ending December 31, 2026. These changes are in compliance with Hong Kong Listing Rules, requiring reporting and annual review, but are exempt from the need for independent shareholder approval. The agreement allows for mutual procurement and service transactions between the two groups and can be extended beyond its initial three-year term subject to regulatory approval and mutual consent.
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