On December 12, Gelonghui announced that TIAN YUAN GP (06119.HK) plans to collaborate with local companies in Indonesia to engage in new business activities related to mining trades ("new business activities"). The company has established a wholly-owned subsidiary in Indonesia, and the group initially plans to conduct its new business activities through Nickel Trade, aiming to gradually expand to mining contracting, mining rights transactions, and the product range is expected to gradually extend from nickel ore to bauxite, Coal, oil, and Henry Hub Natural Gas.

As of the date of this announcement, the group primarily engages in bulk cargo handling services, related value-added port services, and the supply and sale of oil product services. In addition to striving to develop its existing core business, the company has also been dedicated to exploring new business possibilities and opportunities to diversify its development, expand its business portfolio, broaden its revenue sources, and enhance its future profitability and potential. The Board of Directors believes that the new business activities will help the group achieve these goals.