Beijing Energy International Holding Co., Ltd. (686) announced that as of November 28, 2025, a pending approval from the Australian Foreign Investment Review Board (FIRB) remains outstanding regarding its proposed acquisition by way of a scheme of arrangement. According to the Scheme Implementation Agreement, if this condition is not satisfied by the agreed sunset date, each of TPC and WSH may serve a written notice to the other. If both parties cannot reach an agreement within five business days from the notice, the Agreement may be terminated.

The company clarified that no such termination notice has been served as of the date of the announcement. WSH will continue engaging with FIRB for approval. In light of the uncertainty surrounding the acquisition timeline, any circular related to the transaction—originally scheduled for dispatch by November 28, 2025—will be further postponed to on or before March 31, 2026.