Yankuang Energy terminates Highfield Resources acquisition

Yankuang Energy Group Company Limited has terminated its Implementation Agreement and Equity Subscription Agreement with Highfield Resources Limited (HFR). The decision was made after conditions precedent stipulated in the agreements were not satisfied or waived by the Final Closing Date. Yankuang Energy issued a written notice to HFR, immediately ending the agreements.

The Company states this termination resulted from prudent consideration and adheres to the provisions of the original agreements. Yankuang Energy affirms that the termination will not impact its current production and operating activities, nor will it adversely affect the Company's development or prejudice the interests of shareholders, including minority shareholders.

Moving forward, Yankuang Energy will advance its Canadian potash development project based on market principles to safeguard the Company's overall interests. Further progress on this project will be communicated through future announcements.