Henan Jinma Energy Co. Ltd. Announces New 2025 Framework Agreement with Xinyang Co
Henan Jinma Energy Co. Ltd., a joint stock company incorporated in China, has announced a new framework agreement with Xinyang Co. for the year 2025. The agreement, disclosed in an announcement dated April 28, 2025, outlines continuing connected transactions involving the purchase and sale of coal, coke, electricity, and sulfuric acid. Prices under the agreement are determined by prevailing market conditions, as monitored through specialized online platforms. Internal control measures, including a Pricing Committee, have been established to ensure adherence to the pricing policy. The committee, chaired by the general manager and comprising heads of various departments, will meet monthly to review and set the quantities and pricing for the transactions.
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