E-COMMODITIES (01733) and Bridge Mining have entered into a cooperation agreement to collaborate on integrated coal mining, logistics, and sales services.

E-COMMODITIES (01733) announced on November 5, 2025 that the company has entered into a cooperation agreement with Bridge Mining Pte. Ltd. (Bridge Mining) and established a strategic alliance through this agreement. Bridge Mining owns a large undeveloped coal project (Terra Mine) in the SOUTHGOBI region of Mongolia, which mainly produces high-quality coking coal with low sulfur, low ash, low volatile matter, high strength, and easy washability. According to the agreement, the two parties agreed to cooperate on integrated coal mining, logistics, and sales services (cooperation matters), with an expected minimum monthly sales supply of 100,000 tons of coal products. Formal operations are expected to start on December 1, 2025. In the future, both parties intend to expand the strategic alliance to further develop upstream resource cooperation and supporting washing businesses in Mongolia. Bridge Mining is a limited liability company registered under Singapore law and its subsidiaries are mainly engaged in coal mining and exploration in Mongolia. The company has long focused on strategic asset layout at the China-Mongolia border crossings. After years of cultivation, it has built an integrated comprehensive service capability covering the entire chain of Mongolian resource imports. In the practice of the supply chain business, the company has formed a closed-loop service system of "professional mine services + efficient logistics and warehousing + refined washing and processing + industry-leading coking coal sales" around the core needs of upstream mine owners, partners, and downstream customers. On one hand, by providing customized mine operation plans, intelligent logistics and warehousing management, and high-standard washing and processing, it solves the efficiency and quality pain points of resource development, transportation, and processing; on the other hand, relying on a leading sales network in the industry to match resources. With its comprehensive and highly collaborative full-chain service capabilities, the company has gained high recognition for the Terra Mine and ultimately reached a comprehensive cooperation agreement. Double breakthrough in business expansion and source guarantee The agreement not only further expands the company's business footprint in the Mongolian market but more importantly, it locks in a stable source of high-quality coal in Mongolia, providing solid support for the company's sustained and stable resource supply, which is expected to effectively mitigate operational risks caused by market source fluctuations. Successful replication of the full-chain service model The cooperation has realized the full-chain service model from the resource extraction link at the Ceke Port to the middle logistics and warehousing, washing and processing links, and then to the sales link to domestic customers in China. The successful replication of this model not only verifies the replicability of the group's full-chain service capabilities but also accumulates valuable experience for promoting this model in other ports in the future, which helps the group quickly form a scale service advantage. Effective improvement in supply chain asset utilization By locking in long-term stable business volume, various assets in the company's supply chain system such as mine service equipment, logistics transportation fleets, cross-border AGV vehicles, port warehousing parks, and coal washing sites can achieve normalized and efficient operation, effectively improving the overall asset utilization efficiency. This is expected to drive cost optimization and benefit improvement for the company's overall supply chain comprehensive services, laying a solid foundation for the company's sustained profitability. The completion of the cooperation is an important milestone for the company in replicating the successful experience of the China-Mongolia land port, implementing future strategic development plans, fully proving the correctness of the company's strategic direction and the feasibility of its business model. In the future, the company will continue to actively respond to the country's strategic call, closely integrate with the future strategic cooperation direction between China and Mongolia, further consolidate and expand its advantages in the field of energy and resource channels. At the same time, based on coal resource services, the company will gradually expand the service scope of other bulk commodity categories, continuously deepen its resource channel service capabilities at key China-Mongolia ports, strive to become a core service provider connecting the resource markets of China and Mongolia, and promote economic and trade cooperation, achieving a broader business layout and more robust growth.