Shaanxi Investment Group is associated with Shaanxi Energy Group. Shaanxi Energy Group is the predecessor of Shaanxi Energy Group Co., Ltd., and its two major shareholders are Shaanxi Investment Group Co., Ltd. and Shaanxi Coalfield Geology Group. Shaanxi Investment Group is the controlling shareholder and actual controller of Shaanxi Energy, and directly holds 80% equity of Shaanxi Energy. This shows that Shaanxi Investment Group has an important shareholding position and actual control right in Shaanxi Energy. Therefore, it can be confirmed that Shaanxi Investment Group and Shaanxi Energy Group are related.