CITIC Resources Holdings Limited has provided an update on ongoing litigation concerning its indirect wholly-owned subsidiary, Seram Energy Limited, and SKK Migas regarding the Seram Block in Indonesia. The State Administrative Court in Indonesia has issued a verdict declaring that it lacks jurisdiction over Seram Energy’s claim, stating that the dispute arises from contractual arrangements and should be resolved through the agreed dispute resolution mechanism under the production sharing contract. As a result, the court declared the claim inadmissible and did not consider its merits. The judgment will become final and binding after 23 February 2026 unless an appeal is filed. CITIC Resources is currently seeking legal advice and assessing its options, and has advised shareholders and potential investors to exercise caution when dealing in the company's securities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CITIC Resources Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260216-12025874), on February 16, 2026, and is solely responsible for the information contained therein.