E&P GLOBAL (01142): Start coal trading business.

E&P GLOBAL (01142) has announced that the company is primarily engaged in the buying and selling of energy-related commodities (specifically diesel). As of March 31, 2025, the group also has significant economic interests in coal mines in Russia. In the process of planning the operation of the Russian coal mines and evaluating the economic benefits of this plan, the group's employees have been in contact with coal buyers and/or traders (as a bulk commodity) to understand the latest developments in the downstream market. While continuing its existing business, the group has been exploring and seeking potential business opportunities to diversify its sources of income and achieve long-term sustainable growth, ultimately bringing the maximum return to the company's shareholders. In this regard, the board is pleased to inform the company's shareholders and potential investors that the group has expanded its business to buying and selling energy-related commodities (specifically coal) in the People's Republic of China. The group plans to leverage its industry contacts in the coal mining industry in northern China to enter this market and expand into other regions of China as its business develops. As of the date of this announcement, the group has entered into coal trading agreements in China, under which formal trading can be conducted by a newly established wholly-owned subsidiary in China. The group will continue to seek suitable candidates to strengthen the management, procurement, and distribution capabilities of the new coal trading business. The board believes that establishing a coal trading business will allow the group to combine and fully utilize its industry expertise in coal mining and commodity trading, enabling the company to gain a better understanding of potential customers when the Russian coal mines begin operations in the future. In the long run, this will align with the group's best interests as it will reduce the overall risk faced by the group's business and enable it to adapt to constantly changing market conditions amidst any global crises and uncertainties.