Blue Flame Holdings: Wholly-owned subsidiary signs mining rights transfer contract, amounting to 201 million yuan.

Blue Flame Holdings announcement, its wholly-owned subsidiary has signed the "Shanxi Province Qinshui Basin Fazhong Block Coalbed Methane Exploration Right Transfer Contract" with the Shanxi Provincial Department of Natural Resources. The Fazhong Block is located in Qinyuan County, Changzhi City, Shanxi Province, with an exploration area of 297.9 square kilometers. The exploration right is valid for five years, with a minimum annual exploration investment of not less than 50,000 yuan per square kilometer. The contract amount is 201 million yuan, and Party B shall pay within 30 days from the date of receiving the payment notice from the expropriation authority.