Luan Environmental Energy: RMB 8.22 billion wins the coal exploration rights for the Sucun block in Sucun Area, Xiangyuan County, Shanxi Province

On March 23, Shanxi Luan Environmental Protection Energy Development Co., Ltd. (hereinafter referred to as “the Company”) announced that the Company participated in the listing and transfer of coal exploration rights in the Sucun block, Xiangyuan County, Shanxi Province, and successfully bid 8.22B RMB for this coal exploration right.

The announcement mentioned that the Company successfully acquired the coal exploration right in the Sucun block, 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 into a mining right, 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 of exploration rights aligns with the Company’s main business development direction and long-term resource strategic layout, effectively increasing the Company’s coal resource reserves, further improving resource reserve structure, and continuously enhancing the Company’s core security capabilities and comprehensive competitive advantages. 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 scope of bidding authority and the bid amount are within the authorization range of the Board. This bidding will not have an adverse impact on the Company’s financial condition, operational status, or existing business.

(Enterprise Announcement)