Baodi Mining announced that the company plans to issue shares and pay cash to purchase 87% of Green Ridge Energy's shares and raise supporting capital. On December 26, 2025, the company received approval from the Securities Regulatory Commission and agreed to issue 116,528,117 shares to Kezhou Green Ridge Industrial Co., Ltd. to purchase related assets, and agreed to issue shares to raise no more than 550 million yuan in supporting capital. The approval is valid for 12 months from the date it is issued. The board of directors of the company will handle matters related to this transaction and promptly disclose the information within the specified period.

Baodi Mining announced that the company plans to issue shares and pay cash to purchase 87% of Green Ridge Energy's shares and raise supporting capital. On December 26, 2025, the company received approval from the Securities Regulatory Commission and agreed to issue 116,528,117 shares to Kezhou Green Ridge Industrial Co., Ltd. to purchase related assets, and agreed to issue shares to raise no more than 550 million yuan in supporting capital. The approval is valid for 12 months from the date it is issued. The board of directors of the company will handle matters related to this transaction and promptly disclose the information within the specified period.