Xinjiang Xintai subsidiary nets substantial government grant for clean energy

On October 20, 2025, Xinjiang Xintai Natural Gas Co., Ltd.'s subsidiary, Asia American Coalbed Methane Co., Ltd., received a government subsidy of 109,270,780.67 yuan from its partner. This grant is linked to the Ma Bi Block and falls under the "2024 Clean Energy Development Special Fund Clearing." The payment was confirmed via a settlement statement and remittance receipt.

The full amount is classified as an income-related government subsidy. After deducting a 9% value-added tax, the remaining funds will be recognized as profit in the current period, specifically the 2025 fiscal year, as per the National Tax Administration's regulations regarding non-routine natural gas fiscal awards.

This substantial influx is expected to have a significant positive impact on the company's 2025 profits. The specific accounting treatment and its full effect on the company's financial figures will be finalized following the annual audit by the certified public accountants.