Core Viewpoint - The company is facing legal challenges regarding the revocation of its mining license in Russia, which may impact its financial status despite current operations remaining unaffected [1]. Group 1: Legal and Regulatory Developments - A Russian court upheld the decision to revoke the mining license on November 17, 2025, and the company is seeking legal advice and measures to protect its rights [1]. - The company plans to monitor the situation closely and will inform shareholders and potential investors of any relevant developments [1]. Group 2: Financial Implications - The revoked mining license and the court's ruling are not expected to significantly impact the company's overall operations, which primarily involve energy commodity trading [1]. - As of March 31, 2025, the value of the exploration and evaluation assets related to the mining license in Russia is approximately HKD 1.423 billion, accounting for about 96% of the company's total assets [1]. - If the license cannot be extended or is legally revoked, the comprehensive mining plan for the Lapichevskaya mine may be affected, potentially leading to significant adverse effects on the company's financial condition [1]. Group 3: Trading Resumption - The company has applied for the resumption of trading of its shares on the stock exchange starting from November 18, 2025, at 1:00 PM [2].
能源及能量环球(01142)：俄罗斯法院裁定维持牌照被撤销的裁决 11月18日下午复牌