Xinjiang Tianye disclosed a related-party transaction announcement after market close on September 30, planning to acquire 100% equity in four mining subsidiaries under its controlling shareholder, Xinjiang Tianfu Xinye Energy Co., Ltd., through a non-public agreement. The total transaction amount is 865 million yuan, funded by the company's own capital. The transaction constitutes a related-party transaction but does not constitute a major asset restructuring, and still needs to be submitted to the company's shareholders' meeting for approval. Upon completion, the four target companies will become wholly-owned subsidiaries of the listed company and be included in the consolidated financial statements. Xinjiang Tianye will add four limestone mines with a total annual mining capacity of 9.45 million tons, salt mine resources with an annual mining capacity of 200,000 cubic meters, as well as three lime production bases with a cumulative annual production capacity of 2.6 million tons and one industrial salt production base with an annual capacity of over 300,000 tons. The transaction includes performance commitments, with Tianfu Xinye pledging that the combined non-GAAP net profit of the four target companies for 2026, 2027, and 2028 will be no less than 64.8464 million yuan, 58.3293 million yuan, and 60.3881 million yuan respectively, totaling no less than 184 million yuan. The appraised values of 100% equity in the four target companies are 277 million yuan, 355 million yuan, 199 million yuan, and 34.1 million yuan respectively, totaling 865 million yuan.
Xinjiang Tianye Co LtdXinjiang Tianye will acquire four mining subsidiaries from its controlling shareholder for 865 million yuan, adding limestone/salt mines and lime/industrial salt production capacity with profit commitments.
