Lu'an Environmental Energy: Won the coal exploration rights for Sucun Block in Xiangyuan County, Shanxi Province, with a bid of 8.222 billion yuan RMB

LightningPacketLoss · 2026-03-25T19:45:26+00:00

Shanxi Lu'an Environmental Protection Energy Development Co., Ltd. won the coal exploration rights for the Sucun Block in Xiangyuan County with a bid of 8.222 billion yuan. The block has a superior geographical location, can rely on existing mining areas to ensure continuous production, aligns with the company's resource strategic layout, and is expected to increase resource reserves and core competitiveness. This is of great significance for the company's long-term development. The bidding was authorized by the board of directors and will not have any negative impact on the company's finances or operations.

LightningPacketLoss

2026-03-25 19:45:26

Abstract generation in progress

On March 23, Shanxi Lu’an Environmental Energy Development Co., Ltd. (the “Company”) announced that it participated in the auction of coal exploration rights in Su Village Block, Xiangyuan County, Shanxi Province, and successfully acquired the coal exploration rights for 8.222 billion RMB.

The announcement states that the Company successfully obtained the coal exploration rights for Su Village Block in Xiangyuan County, Shanxi Province. The block is adjacent to the Company’s headquarters and borders the existing mining area of Wuyang Coal Mine, with prominent geographical advantages. In the future, once the block is converted to mining rights, it can extend mining operations based on the existing production system of Wuyang Coal Mine. The resource endowment and mining conditions are excellent, making it a high-quality continuation resource that the Company has long prioritized. This acquisition aligns with the Company’s main business development strategy and long-term resource planning, effectively increasing the Company’s coal resource reserves, further improving resource reserve structure, and continuously enhancing core security and overall competitiveness. It is of great significance for promoting the Company’s high-quality development and achieving long-term stable and sustainable growth. The management’s resource bidding was authorized by the 10th meeting of the 8th Board of Directors, and the bidding authority and result are within the scope of the Board’s authorization. This bidding will not adversely affect the Company’s financial condition, operations, or existing business.

(Company Announcement)

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