On September 14, JCHX Mining Management Co., Ltd. is approved by CSRC Issuance Appraisal Committee without a hearing to issue convertible bond.

Fund raised through issuing convertible bond shall be used mainly to support its core business, such as to purchase equipment required for the construction and operation of key projects both home and abroad, and to invest in the R&D as well as application of large-scale and intelligent mining technologies.

The issuance of convertible bond enables JCHX to further implement its corporate development strategy, expedite the progress on building large-scale, intelligent, ecological, digital and deep mines, continuously strengthen the core competitiveness in core business, and to become a leading player in global mining by vigorously promoting the construction of automatic and fully mechanized underground mines.