Lu Run shares to buy Jinzhong 3 million-ton coal mine

Lu Run shares (600157) notice, the company June 3 signed a memorandum of cooperation with Jinzhong, to participate in the formation of local cooperation Jinzhong Rui-Li Coal Group Corporation (tentative name), at the same time, the company proposed in accordance with the Jinzhong of the relevant cooperation conditions,　　Acquire a stake in a coal company with an annual output of more than 3 million tons by issuing shares and paying cash.　　To further highlight the main business, improve the quality of assets, the company's new management to determine the focus on coal-oriented energy companies to transform the development strategy, and has been looking for high-quality coal resources. Jinzhong has drawn up the relevant description to integrate the city's coal resources implementation plan, will form a coal group and reorganize a number of annual capacity of more than 3 million tons of coal enterprises, the city's production of mines to retain about 100.　　The specific plan should be reported to the relevant departments of Shanxi provincial government for approval. The announcement said the company intends to share the Jinzhong Coal group will be controlled by the Jinzhong government. After its establishment, the group will implement the merger and reorganization according to Jinzhong's plans for the coal industry, and make the annual production capacity reach more than 15 million tons.　　The establishment of the group, the composition of shareholders and the proportion of contributions, etc., will be reported by the Jinzhong government in Shanxi province after the approval of the relevant departments to implement.　　The company's share of the shares and the relevant conditions by the two sides after further consultations to determine the company's board of directors and shareholders ' meeting for consideration. According to the provisions of the relevant documents in Shanxi Province, after the reorganization of the independent coal enterprise capacity must be up to 3 million tons per year, accordingly, the two sides agreed to comply with Shanxi Province related policies and Jinzhong proposed by the relevant cooperation conditions, Jinzhong choose its jurisdiction of the total capacity of 3 million tons/year of high-quality Coal as the company to acquire the assets.　　Specific target assets are not yet determined. In view of the company's current equity structure and size of assets, the two sides negotiated to determine the future of the company intends to issue new shares and pay cash to acquire the target assets. After the transaction is completed, the actual control of the company remains unchanged. The company suggested that the whole plan implementation process more links, the expected completion time is longer, there is a certain degree of uncertainty.