Zhitong Finance App News, Kaishan Co., Ltd. (300257.SZ) announced that in May 2023, KS ORKA Hungary Kft (“KSOH”), a member company of the company, participated in the regional application for geothermal exploration activities organized by the Mining Administration of the Ministry of Energy of Hungary. Recently, the Bureau sent a letter to KSOH informing that KSOH has obtained a geothermal exploration license with registration number SZTFH-BANYASZ/692-6/2025. The license grants KSOH an exclusive geothermal block with an area of 171 square kilometers and a depth of 250 meters to 3,500 meters to KSOH for geothermal exploration. The Turawell geothermal power plant, which the company completed and put into operation in 2017, is located in this exploration area.

Zhitong Finance App News, Kaishan Co., Ltd. (300257.SZ) announced that in May 2023, KS ORKA Hungary Kft (“KSOH”), a member company of the company, participated in the regional application for geothermal exploration activities organized by the Mining Administration of the Ministry of Energy of Hungary. Recently, the Bureau sent a letter to KSOH informing that KSOH has obtained a geothermal exploration license with registration number SZTFH-BANYASZ/692-6/2025. The license grants KSOH an exclusive geothermal block with an area of 171 square kilometers and a depth of 250 meters to 3,500 meters to KSOH for geothermal exploration. The Turawell geothermal power plant, which the company completed and put into operation in 2017, is located in this exploration area.