TBEA Co., Ltd.: Holding Subsidiary Wins Exploration Rights Worth 2.705 Billion Yuan

TBEA Group announced that its holding subsidiary, Tianchi Energy Company, recently participated in the competitive bidding for the exploration and mining rights of Kumu Su No. 5 wellfield. On February 5, 2026, Tianchi Energy Company was confirmed as the winning bidder. The mineral exploration type of the mining rights is coal, with a mining area of 65.85 square kilometers and a transaction price of 2,705,385.50 million yuan. In addition, the wellfield needs to continue exploration work, and there are uncertainties in resource endowment and development progress, reminding investors to be aware of risks.