Grand Ocean Advanced Resources publishes 2025 annual report

• Grand Ocean Advanced Resources published its 2025 annual report, flagging tougher regulation and tighter policy in China coal sector as ongoing headwinds for its coal mining operations.
• Inner Mongolia Coal Mine 958 saw lower output and sales, with management cutting projected annual production to 850,000 tonnes from 900,000 tonnes.
• Group recorded HK$ 43.84 million impairment on non-financial assets tied to coal mining unit, citing declining remaining resources and higher capital and operating demands.
• Laos copper investment remained under dispute, with Grand Ocean pursuing legal steps to secure management control and access to books and records.
• Company completed share placing on Oct. 17, 2025, issuing 40,920,000 new shares at HK$ 0.335 to fund operations and future development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Ocean Advanced Resources Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260428-12129529), on April 28, 2026, and is solely responsible for the information contained therein.