Wintime Energy responds to inquiry on asset valuation

Wintime Energy (SSE:600157) has responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, addressing concerns about the valuation and potential impairment of its intangible assets. The company's intangible assets, primarily mining rights, constitute 49.28% of its total assets, with a book value of CNY 531.16 billion, of which CNY 522.73 billion is related to mining rights.