Huayang Co., Ltd. announced that the company recently obtained the Yujiazhuang coal mine mining license and real estate property certificate issued by the Shanxi Provincial Department of Natural Resources. The mining area is 73.1663 square kilometers, and the mining type is coal. The validity period is from November 5, 2026 to November 5, 2056, marking that the prospecting rights in this block have officially completed exploration and mining and have a legal mining ownership basis. This matter can increase the company's coal resource reserves, enhance its resource guarantee capacity and core competitiveness, and will not adversely affect the company's current financial and operating conditions. Subsequent construction of the Yujiazhuang coal mine still requires multiple approvals, and there is uncertainty about the project's construction cycle, commissioning time, and production capacity release.

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