Shanxi Blue Flame Holding (000968.SZ) Subsidiary obtains exploration rights certificate for coalbed methane in the Fu Zhong Block of Qinshui Basin, Shanxi Province.

Shanxi Blue Flame Holding (000968.SZ) announced that its wholly-owned subsidiary, Shanxi Blue Flame Coalbed Methane Group Co., Ltd., has officially obtained the exploration permit for the Qingshui Basin Central Block in Shanxi Province, issued by the Shanxi Provincial Department of Natural Resources (Certificate Number: DT1400002026031040000013). The area covered is 297.8986 square kilometers, and the exploration mineral is coalbed methane. This permit is for the Qingshui Basin Central Block in Shanxi Province and further exploration work will require the approval of an exploration permit. The company is currently expediting the process of obtaining the exploration permit for the Central Block. After obtaining both the exploration permit and exploration license, further resource exploration work will be carried out. There is a certain level of uncertainty regarding the exploration results, resource scale, and development conditions.