On December 21, Jilin Yatai (Group) Co., Ltd. announced the termination of the acquisition of shares of Jixi Taixin Coal Industry Co., Ltd.
The announcement said that due to the loss of Taixin Coal Industry in recent years, considering the capital cost of the company's acquisition, and the company's follow-up needs to further understand and negotiate with relevant parties on matters related to equity acquisition, after careful consideration, the company decided to terminate the acquisition of shares of Jixi Taixin Coal Industry Co., Ltd.