MONGOLIA ENERGY: MoEnCo signs an engineering general contracting agreement with Tangshan Shenzhou Machinery Group, along with a non-compete agreement.

MONGOLIA ENERGY has signed an engineering, procurement, and construction (EPC) contract with Tangshan Shenzhou Machinery Group for the construction and installation of a new dry coal processing plant at the Husuotu coal mine site. The contract amount is RMB 99.85 million. According to the non-compete agreement, the contractor is not allowed to invest, sell, or operate any coal washing and processing business within the territory of the Khovd Province in Mongolia for 8 years after signing the contract, and has received a compensation of 4.9 million yuan. MONGOLIA ENERGY plans to build a new dry coal processing plant with an annual capacity of 5 million tons of raw coal, expected to start operation in the second half of 2025. In addition, MoEnCo also plans to carry out mining activities between 2025 and 2026, requiring the relocation of existing office and ancillary facilities to a new area within the mine site, and the construction of new office buildings, industrial office buildings, and a series of ancillary facilities. Failure to relocate in a timely manner will affect the company's coal production schedule.