Haomeng Holdings (08186) signed a coal trading memorandum with the supplier

According to Zhitong Finance App, Haomeng Holdings (08186) issued an announcement. On September 7, 2026, the company signed a coal trading memorandum with Ordos Huneng Coal Group Co., Ltd. (supplier). The supplier agreed to supply washed coal (including pulverized coal, block coal and laundered coal) to the Group for trade for a period of one year. There are no requirements for the minimum price and quantity of coal purchased by the Group during the period. The price and quantity of coal to be purchased shall be separately agreed upon in accordance with each order and the parties shall enter into a formal agreement on the transaction.

The supplier was established in China in 2002 and mainly operates in the coal mining and processing industry. Its business includes but is not limited to coal production, washing, sales and cargo transportation. As the board of directors knows, the supplier is China's leading coal supplier, enjoys a good reputation, and was selected as one of the 2025 China Top 500 Energy Companies.

The war in the Middle East has caused serious disruptions and uncertainties in oil supplies. Coal is popular as another energy source, which has led to a sharp rise in coal prices and demand. The Group is mainly engaged in the sales business of household goods, planting products and decorations. With the Group's established trade network and rich experience, the Group plans to maintain and develop its existing trading business while expanding its product portfolio to include coal sales to seize market opportunities.