Acquiring the Australian Red Falcon Coal Mine, YANKUANG ENERGY is laying out its international scarce coking coal resources

YANKUANG ENERGY announced that it will acquire 100% equity of Australia’s Red Falcon Coal Group for up to $2.4 billion, indirectly obtaining 80% equity of the Red Falcon Coal Mine. The transaction includes an initial payment of $1.85 billion and up to $550 million in contingent cash consideration. This move will significantly enhance YANKUANG ENERGY's resource continuity capability, help achieve the target of 300 million tons of raw coal production, and optimize the product structure, with the proportion of metallurgical coal increasing from 16% to 22%