Core Viewpoint - Energy and Energy Global (01142) faced a significant stock price drop of over 12% after the Russian court upheld the decision to revoke the company's mining license, prompting the company to seek legal advice and consider further appeals [1] Company Summary - The company’s stock price fell by 9.09% to HKD 0.4, with a trading volume of HKD 13.8553 million [1] - The company announced that the revocation of its mining license in Russia will not have a significant adverse impact on its overall daily operations, as the mining plans have not yet commenced [1] - As of March 31, the mining license in Russia accounted for approximately HKD 1.42 billion of the company's total assets, representing about 96% of its total assets [1] - If the license cannot be restored, the court's ruling could have a significant negative impact on the company's financial condition [1]

Core Viewpoint - The company is facing legal challenges regarding the revocation of its mining license in Russia, which could significantly 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 closely monitor the status of the license and the appeal ruling, with intentions to inform shareholders and potential investors of any relevant developments [1]. Group 2: Financial Implications - As of the announcement date, the revocation and appeal ruling are not expected to have a significant adverse impact on the company's overall daily operations, which include energy commodity trading [1]. - The exploration and evaluation asset value 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 in Russia may be affected, potentially leading to significant adverse financial consequences for the company [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].