Baotailong New Materials Co Ltd

Baotailong announced that its Baotailong No. 2 Mine has received a resumption notice from the People's Government of Xinxing District, Qitaihe City. After inspection by the Xinxing District local coal mine resumption acceptance leading group, it was determined to meet resumption conditions and approved to resume production, officially becoming a mine. The mine has a designed production capacity of 300,000 tonnes per year. Baotailong stated that becoming a formal mine will further consolidate the company's raw coal self-supply foundation, effectively increase the proportion of self-supplied raw coal, reduce dependence on external raw coal procurement, help optimise the raw material procurement structure and control raw material costs, while the newly added mine capacity will expand the overall production scale of the company's coal segment and enhance the stability of the industrial chain. As of now, the company's 2022 non-public offering raised funds investment projects Baotailong No. 1 Mine, No. 2 Mine and No. 3 Mine have all been completed and officially put into production.

Baotailong New Materials Co., Ltd. announced that its affiliated Baotailong No. 3 Mine has received a notice from the People's Government of Xinxing District, Qitaihe City. After inspection and acceptance organized by the resumption-of-production acceptance leading group, the mine was determined to meet the conditions for resuming production and is now permitted to resume production. Baotailong No. 3 Mine is a mine with a designed production capacity of 300,000 tonnes per year.

Mainstream coke producers in Hebei, Shanxi and other regions have issued letters to raise coke prices by 50 to 55 yuan per tonne, with the increase scheduled to take effect from 0:00 on the 20th. The latest coke price on 17 August was 1,868.75 yuan per tonne, up 11.40 percent over the past 90 days. Data from the National Bureau of Statistics show that in July 2026, raw coal output of industrial enterprises above designated size was 343 million tonnes, down 10.1 percent year on year and the lowest since October 2021. Changjiang Securities said in a research note that coke industry profitability is already at a historical bottom, new capacity additions on the supply side are entering their final stage, and emerging coal chemical demand on the demand side continues to grow, with the overall picture showing a bottoming-out and stabilising trend. Huachuang Securities said in a research note that the overseas coke market is also warming up, with Indonesia's coke FOB price reaching 275 US dollars per tonne in May 2026, providing some support for domestic coke prices.

Baotailong announced that its Baotailong No. 2 Mine new project has obtained the joint trial operation filing receipt issued by the Heilongjiang Provincial Coal Production Safety Administration. The project is located in Xinxing District, Qitaihe City, with a construction scale of 300,000 tons per year, and the joint trial operation period runs from July 14, 2026 to January 13, 2027. Baotailong No. 2 Mine is a project funded by the company's 2022 non-public offering of shares. Once completed and put into operation, it will enhance raw coal self-sufficiency and optimize costs. The filing requires that during the trial operation period, safety production regulations must be implemented, special acceptance checks for safety and environmental protection must be completed, and a joint trial operation report must be prepared before the end of the period.