Li Yanhe resigned from the chairmanship of Pingdingshan Tian'an Coal Co., Ltd. (hereinafter referred to as "Pingmei").
On April 22, Pingmei Co., Ltd. announced that the company's board of directors recently received a written resignation application from Mr. Li Yanhe, chairman of the board. Mr. Li Yanhe resigned from the board of directors of the ninth board of directors of the company, directors and related positions of subordinate special committees due to work changes.
According to the information on the official website, Pingmei Co., Ltd. was established on March 17, 1998, and the controlling shareholder of the company is China Pingmei Shenma Holding Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of Henan Province. The company is located in Pingdingshan Mining Area, a large national coal base, with resources of nearly 3 billion tons, and is the largest coking coal production base in Central and Southern China.
The company's main business is coal mining, coal washing, processing and sales, and its subordinate production units include 14 production mines and 4 refined coal preparation plants. The company's coal types are mainly main coking coal, 1/3 coking coal and fertile coal, which are low ash, low phosphorus, low sulfur, medium and high volatile content and high calorific coal. In 2022, the company produced 30.3 million tons of raw coal and 11.87 million tons of refined coal, achieved operating income of 36.044 billion yuan, total profit of 8.302 billion yuan, and net profit attributable to shareholders of listed companies of 5.725 billion yuan (a year-on-year increase of 95.90%).
Source: Shanghai Stock Exchange website, Pingdingshan Tian'an Coal Co., Ltd. website