[SMM Flash News] China Qinfa Unit Signs 75,000-mt Indonesian Thermal Coal Supply Deal
China Qinfa Group announced that its subsidiary SDE has signed a coal supply agreement with Zhejiang Energy Asia Pacific for the sale of 75,000 mt of Indonesian thermal coal, with a permitted volume adjustment of up to 10%. Deliveries will commence in June 2026 and continue until the contracted volume is fully delivered and settled. The company said the agreement constitutes a connected transaction under Hong Kong listing rules but is exempt from shareholder approval requirements, with the board considering the deal fair, reasonable, and beneficial to the company.