Core Viewpoint - The signing of the supplementary agreement between Jiayou International Logistics Co., Ltd. and Mongolian Mining Corporation marks an expansion of their strategic partnership, aiming to enhance resource security and operational capabilities in the coal supply chain [1][3][4]. Group 1: Agreement Details - Jiayou International and MMC have signed a supplementary agreement to add a total of 2.5 million tons of coking coal supply from January 1, 2026, to December 31, 2030 [1][3]. - This agreement builds upon a long-term cooperation framework established in February 2024, which focused on collaborative development in equity and supply [3]. - The pricing mechanism for the coal will be based on current market prices, calculated according to a specified formula in the supplementary agreement [3]. Group 2: Strategic Implications - The new coal supply will significantly enhance Jiayou International's upstream resource security, expanding the existing coal supply volume and strengthening the company's core business foundation [4]. - The integrated "resource + trade + logistics" operational model is expected to improve its competitive edge, enhancing resilience and stability in the coal supply chain [4]. - The implementation of the supplementary agreement is anticipated to have a positive impact on the company's future financial status and operational results, although the exact financial implications remain uncertain [4].