Hong Kong coal stocks generally rose, with China Shenhua initially rising to 6%, reaching a new high since its listing. Yancoal AUS rose by 3.8%, China Coal Energy and KINETIC DEV rose by about 3%, while Yancoal, CHINA QINFA, SHOUGANG RES, and Nanshan Resources also saw increases

Understanding the Market | Most coal stocks rose as coal prices quickly stopped falling and rebounded after the holiday. Seasonal demand release may open up upward space for coal prices

Most coal stocks rose, with Mongol Mining up 10.03%, SHOUGANG RES up 5.28%, and CHINA QINFA up 4.47%. GuoXin Securities predicts a rebound in coal prices in the second half of 2025, improving profits for coal companies, and that coal prices will have upward elasticity in the fourth quarter. After the holiday, coal prices stopped falling and rebounded, with strong seasonal demand potentially driving coal prices up. Datong Securities pointed out that the supply of thermal coal is affected by rainy weather, providing short-term support for rising coal prices, while coking coal is expected to continue its volatile trend due to low inventory during the peak demand season

Hong Kong coal stocks generally rose, with Yancoal Australia up 4%, SouthGobi and Green Leader up 2.5%, YANCOAL AUS and SHOUGANG RES up over 2%, China Coal Energy up 1.7%, and CSEC/China Shenhua up over 1%

Zhitong Hong Kong Stock Investment Log | October 2

On October 2, 2025, the investment log of Hong Kong-listed companies is as follows: Category Company New Share Activities ZhiDa Technology (in IPO) JinYe International Group (in IPO) ChangFeng Pharmaceutical (in IPO) Shareholders' Meeting Date Air China RuiGang Construction Suspension and Resumption Time CASH FIN SER GP (Resumption) GC CONSTRUCTION (Resumption) SANDMARTIN INTL (Resumption) CASH FIN INVEST (Resumption) Dividend Distribution Meisi Health (Ex-dividend date) JiHai Resources (Dividend date) LiFeng (Group) (Dividend date) SHOUGANG RES (Ex-dividend date) China Huadian Corporation (Ex-dividend date) Green Power Environmental (Ex-dividend date) GaoLi Group (Ex-dividend date) WING ON CO (Ex-dividend date) SaiJing Technology (Ex-dividend date) ChunQuan Industrial Trust (Ex-dividend date) DaKwaiWo Group (Dividend date) LiJing Technology (Dividend date) Telecom Digital Holdings (Ex-dividend date) BiYou Group (Ex-dividend date) KuangWenJi (Dividend date) Capital Increase YongTai Bio-B (Ex-rights date)

SHOUGANG RES: Chen Yi appointed as chairman

According to the announcement from Shougang Resources, Mr. Chen Yi has been appointed as the company's executive director, chairman of the board, chairman of the executive committee, and chairman of the nomination committee, as well as the authorized representative of the company under Listing Rule 3.05, following the conclusion of the board meeting held on September 23, 2025. Mr. Fan Wenli is no longer serving as the acting chairman of the board, acting chairman of the executive committee, acting chairman of the nomination committee, and authorized representative