Lu'an Environmental Energy to boost coal resources through market bidding

Shanxi Lu'an Environmental Energy Development, in its 2025 Third Quarter Report, indicated a strategic move to enhance coal resource reserves. The company’s board of directors has authorized the general manager to handle market-based bidding for coal resources. This authorization covers transactions not exceeding 30% of the company's latest audited total assets or 50% of its net assets within a continuous 12-month period, including advance payments for deposits and guarantees.

This strategic decision, approved during the Eighth Board of Directors’ Tenth Meeting on October 29, 2025, reflects the company's adherence to government guidelines aimed at ensuring stable production and supply in coal mines. The authorization is valid for one year from the board’s approval date and aims to improve operational efficiency and protect commercial secrets during the bidding process. The company's financial performance for the first nine months of 2025 shows total operating income of CNY 21,099,913,074.82 and net profit attributable to shareholders of CNY 1,554,449,164.51.

The company will disclose further progress on the coal resource bidding as it unfolds, urging investors to be aware of potential investment risks.