China Huarong Beijing Branch indirectly holds the corresponding equity of Shanxi Liujin Energy Co., Ltd. through the above partnership. As of the announcement date, Shanxi Branch of China Development Bank holds the debt-to-equity swap assets of Liujin First Investment Enterprise in Liulin County, and indirectly holds the equity of Shanxi Liujin Energy Co., Ltd. through this limited partnership enterprise.
Shanxi Liujin Energy Co., Ltd. is a comprehensive energy enterprise with coal industry as the core and various industries developing together. The company's business covers coal, agriculture, real estate and other fields.