SHANXI COKING COAL GROUP FINANCE CO.,LTD.

Shanxi Coking Coal Group Finance Co., Ltd

Shanxi Coking Coal Group Finance Co., Ltd. is a non bank financial institution jointly funded by Shanxi Coking Coal Group Co., Ltd. (holding 80%) and Shanxi Xishan Coal Power Co., Ltd. (holding 20%). The registered capital is 1 billion yuan.

Shanxi Coking Coal Group Finance Co., Ltd. is approved by China Banking Regulatory Commission and registered by Shanxi Administration for Industry and commerce. The corporate governance structure of Shanxi Coking Coal finance company is sound and the management operation is scientific and standardized. The board of shareholders is the highest authority of the company, which decides the major issues of the company. The board of supervisors is the supervisory body of the company's business activities. The company has a risk management committee, a credit review committee, an internal control committee and an asset liability management committee. The company implements the general manager responsibility system under the leadership of the board of directors. According to the requirements of business development and supervision, it has seven departments, including settlement management department, credit management department, capital planning department, audit risk department, financial accounting department, information management department and comprehensive management department. It has constructed three working procedures and risk prevention and control system with the separation of front desk, middle desk and back desk. the business of Shanxi Coking Coal finance company includes: providing financial and financing services, credit assurance and related consultation for member units, providing guarantee; assisting member units to realize the collection and payment of transaction funds; handling approved insurance agency business; handling entrusted loans and entrusted investment between member units; handling bill acceptance and discount; handling internal transfer settlement and corresponding settlement Design of settlement and liquidation scheme; absorb deposits of member units; handle loans and financial leasing for member units; engage in interbank lending; and other businesses approved by China Banking Regulatory Commission. Shanxi Coking Coal Finance Co., Ltd. adheres to the business tenet of "based on the group, serving the grassroots, compliant operation and common development", adheres to the development idea of "consolidating the foundation, scientific operation, becoming stronger and bigger, and meeting the demand", provides all-round and targeted financial services for the member units, and is committed to implementing and promoting the development of Shanxi Coking Coal Finance Co., Ltd The strategy of the combination of production and finance and the integration of diversified economy of Shanxi Coking Coal Co., Ltd. contributes to the rapid and healthy development of Shanxi coking coal.