Is Hailar Datang a state-owned enterprise?

Yes Hailaer Datang Development Co., Ltd., located in Hulunbeier, Inner Mongolia, is a subsidiary of China Datang Group Coal Industry Co., Ltd., which was established on April 7, 2008 with a registered capital of 583 million yuan, mainly engaged in coal mining, storage, processing and sales. Hailaer Datang is a state-owned company, which is mainly responsible for the development, construction and management of Shunxing open-pit coal mine in Hiltara open-pit coal mine, with a total coal resource of nearly 2 billion tons.