E&P GLOBAL (01142.HK): Russian Regulators File Cassation Appeal over Mining Licence Rulings; Hearing on 24 November

NewTimeSpace News: On 20 October 2026, E&P Global Holdings Limited (the "Company") announced, pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), an update on the legal proceedings relating to its Russian mining licence. The announcement referred to the Company's announcements dated 5, 10, 17 and 27 October 2025, 18 November 2025, 7 April 2026, 24 April 2026, 10 June 2026, 4 August 2026 and 6 August 2026, and stated that, unless the context otherwise requires, terms used therein have the same meanings as defined in those announcements.

The announcement disclosed that, following receipt of the ruling handed down by the appellate court on 4 August 2026 (Moscow time) on the outcome of the appellate proceedings, the appellate court (i) upheld the ruling made by the Moscow City Arbitration Court on 15 April 2026 in favour of LLC "Shakhta Lapichevskaya", a subsidiary of the Company holding the mining licence relating to the Group's exploration and evaluation assets, and (ii) dismissed the appeals lodged by Rosnedra and the Ministry.

The Company stated that Rosnedra and the Ministry have filed a cassation appeal with the Moscow Region Arbitration Court against the ruling made by the Moscow City Arbitration Court on 15 April 2026 and the ruling of the appellate court dated 4 August 2026 (Moscow time) (together, the "Rulings"). On 16 October 2026 (Moscow time), the Moscow Region Arbitration Court accepted the cassation appeal and scheduled a hearing on the cassation appeal for 9:40 a.m. (Moscow time) on 24 November 2026. As at the date of the announcement, the outcome of the cassation appeal had not been determined. The Company said it will inform shareholders and potential investors of further developments as soon as practicable and where necessary, and cautioned that, given the Rulings may be overturned on appeal, shareholders and potential investors should exercise caution when dealing in the Company's securities.