On June 20, 2025, Tahota Law Firm assisted Yankuang Energy Group Co., Ltd. in obtaining the "Registration Acceptance Notice" (Document No.: ZSXH Zhu [2025] TDFI23) issued by the National Association of Financial Market Institutional Investors (NAFMII).

Over a two-year period, Yankuang Energy Group Co., Ltd. may issue phased offerings of products including ultra-short-term commercial paper, short-term commercial paper, medium-term notes, perpetual notes, asset-backed notes, and green debt financing instruments, as well as conduct private placements of relevant products. China Merchants Bank Co., Ltd. serves as the lead underwriter, and Tahota Law Firm acts as the legal advisor.

Recently, Yankuang Energy Group Co., Ltd. successfully issued a Technology Innovation Bond on the interbank bond market – the Second Tranche of 2025 Technology Innovation Bonds of Yankuang Energy Group Co., Ltd. With a total subscription scale exceeding RMB 10 billion, this issuance set a record for the lowest coupon rate in the history of perpetual Technology Innovation Bonds nationwide. The bond has a term of 2+N years, an issuance scale of RMB 3 billion, a coupon rate of 1.96%, and an overall subscription multiple of 3.41x.

Founded in 1997, Yankuang Energy Group Co., Ltd. focuses on core industries including mining, high-end chemical new materials, new energy, high-end equipment manufacturing, and smart logistics. With assets and business presence spanning Shandong, Shaanxi-Inner Mongolia, Xinjiang, as well as overseas markets such as Australia, North America, and Europe, it is the only super-large energy enterprise in China with listing platforms across six domestic and international venues: Shanghai, Hong Kong, New York, Australia, Frankfurt, and Munich.

Adhering to its corporate mission of "Creating Green Kinetic Energy, Leading Energy Transformation", the company proactively aligns with the national "dual carbon" strategy, focuses on upholding fundamentals while driving innovation, accelerates transformation and upgrading, and strides toward becoming a world-class, sustainable clean energy leader and model enterprise.

Boasting outstanding performance, steady operations, strong international competitiveness, and exemplary fulfillment of social responsibilities, the company has gained widespread recognition from the global energy industry and domestic/international capital markets. It has been selected as a "Double Hundred Enterprise" in the state-owned enterprise reform initiative launched by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), won the "National Quality Award" three times, and is the only energy enterprise in China to receive both the "Asia Pacific Quality Excellence Award" and the "Global Performance Excellence Award". For many consecutive years, the company has been honored with awards such as "Best Board of Directors" at the China Listed Companies Board of Directors Golden Roundtable Awards. It is also the first enterprise in China to obtain ESG management system certification, ranking 23rd in the "Top 100 Chinese Listed Companies" and 26th in the "Global Top 50 Mining Market Value Ranking".

As the legal advisor for this issuance, Tahota Law Firm appointed Partners Lawyers Han Yingmei and Yao Gang as the leaders of the legal team for the project. The project team also includes Partner Lawyer Fei Dong, as well as Associate Lawyers Zhou Yong and Yue Shilu.

In the course of providing services, the project team members conducted legal due diligence efficiently, offered legal consultations, drafted and revised issuance documents, and issued legal opinions with a rigorous and meticulous attitude. Meanwhile, the team responded promptly to the company's needs, proactively collaborated with the lead underwriter and other intermediary institutions to communicate and resolve various legal issues arising during the issuance process.

The professional competence and dedication demonstrated by the project team members in their services have been highly praised by the company, which fully recognized the efficient and high-quality services provided by the team.