CHINA CBM (08270) plans to sell 100% equity of Shanxi Qinshui Shuntai Energy Development for 24.6093 million yuan.

CHINA CBM (08270) announced that on November 24, 2025, the company plans to sell 100% equity of the target company, Shanxi Qinshuishuntai Energy Development Co., Ltd., to the buyer (Shanxi Shenggang Energy Co., Ltd.) for a cash consideration of RMB 24.6093 million. The target company is a wholly foreign-owned enterprise registered in accordance with Chinese laws, and is a direct wholly-owned subsidiary of the company, mainly engaged in the manufacturing and sales of liquefied coalbed gas in China. The Board of Directors believes that the sale provides a good opportunity for the Group to realize its investment in the target company and to focus its resources on developing the Coalbed Methane to Natural Gas conversion technology that has been under research and development since 2017 (previously known as "ultra-high temperature steam stimulated coal mine mineral acceleration hydrocarbon evolution technology"). As of the date of this announcement, the company has appointed the Hong Kong Productivity Council as a technical cooperation partner to further develop the commercial prototype of the technology. The sale is in line with the Group's strategy to allocate its financial and human resources towards business development.