As of August 27th, Guizhou Energy Bureau issued a safety production license to Hongguo Coal Mine, after the joint trial operation and the completion of installation of all necessary mining machinery and equipment.

As of the date of this announcement, the annual production capacity of Hongguo Coal Mine under the production license has been increased from 600,000 tons to 1,200,000 tons. The directors believe that this expansion will lead to a significant increase in the operational scale of Hongguo Coal Mine and bring significant economic benefits to the group.