Core Viewpoint - Changjiang Materials (001296.SZ) has completed the filing of the oil and gas exploration implementation plan for the Haiyuan Block in the Liupan Mountain Basin with the Ministry of Natural Resources, and will organize exploration construction according to the plan [1] Group 1 - The exploration construction area is selected from favorable exploration zones in the Haiyuan Block of the Liupan Mountain Basin in Ningxia [1] - The total investment for this exploration is expected to not exceed RMB 130 million [1]

Core Insights - Changjiang Materials (001296.SZ) has completed the filing of the oil and gas exploration implementation plan for the Haiyuan Block in the Liupan Mountain Basin with the Ministry of Natural Resources [1] - The exploration will be organized according to the approved implementation plan, focusing on a favorable exploration area [1] - The total investment for this exploration project is expected to not exceed RMB 130 million [1]