The company, through a subsidiary, Shanxi Jinyan Energy Jiarun Co., Ltd., submitted an application for objection to enforcement to the Jinan Intermediate People's Court on April 21, 2026.

The application pertains to raising an objection against a court ruling concerning the seizure of all coking capacity indicators attached to coke ovens owned by Shanxi Jinyan Energy Technology Co., Ltd. (Energy Technology).

A formal notice regarding the acceptance of this objection was received from the Jinan Intermediate People's Court on June 4, 2026.

The original ruling was issued by the court against Energy Technology, and the company was not a party to the case nor had it received any related legal documents.

The company learned of the ruling via communication from Energy Technology.

Given that the coking capacity indicators involved in the ruling may pertain to those attached to two coke ovens owned by the company, it proactively contacted the court to verify the situation.

It was confirmed that the company was not a party to the case.

Exercising prudence, the company applied for the objection as a non-party, actively requesting the removal of the relevant coking capacity indicators that are not owned by Energy Technology.

This is because the two coke ovens and their attached coking capacity indicators from Energy Technology's Phase II coking project were delivered to the company on January 12, 2023, according to an agreement dated March 15, 2022.

Therefore, the court's enforcement ruling concerning the coking capacity indicators attached to coke ovens owned by Energy Technology should not involve the legally owned coking capacity indicators of the company.

Coking capacity indicators represent the government-approved, compliant annual coke production quota for coking enterprises, used for authorizing coke oven construction and production.

These indicators hold economic value and can be traded subject to individual government approval.

On June 4, 2026, the company received formal notice from the Jinan Intermediate People's Court regarding this objection.

The court confirmed the formation of a collegiate bench to hear the company's objection, with a specific trial date to be notified separately.

As the court has now formally accepted the company's objection application, the company became one of the parties to the case on June 4, 2026.

The company is closely monitoring developments related to the above matter and will inform its shareholders and investors at an appropriate time.