Shougang Fushan Resources Group Limited, an investment holding company listed on the Hong Kong Stock Exchange (0639.HK), principally engages in coking coal mining, production, processing and sales of coking coal products in the People's Republic of China; it owns and operates three premium coking coal mines in Liulin County, Shanxi Province, namely the Xingwu Coal Mine covering approximately 11.6 square kilometers with an approved raw coal production capacity of 1.75 million tonnes per annum, the Jinjiazhuang Coal Mine covering approximately 6.08 square kilometers with similar capacity, and the Zhaiyadi Coal Mine covering approximately 13.9 square kilometers, also with 1.75 million tonnes per annum capacity, for an aggregate approved production of 5.25 million tonnes per annum; the company further operates associated coal preparation plants with a total processing capability of 6.30 million tonnes per annum to produce raw and clean coking coal primarily supplied to steel manufacturers. Incorporated in Hong Kong in 1985 and headquartered at 6th Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wan Chai, the company derives its revenue mainly from sales of clean coking coal, with raw coking coal production reaching 2.64 million tonnes and clean coking coal output at 1.54 million tonnes in the first half of 2025, alongside initiation of a coal trading business contributing 0.57 million tonnes in sales volume. Recent developments include the renewal of its strategic framework with Shougang Group through the 2025 Master Sale and Purchase Agreement entered on December 2, 2024 and approved by shareholders on December 30, 2024, governing mutual supplies of Fushan products and Shougang Group products from January 1, 2025 to December 31, 2027 with expected increased purchases of approximately RMB220 million in 2025 for mine upgrades and compliance; board restructuring effective September 23, 2025 establishing Executive, Audit, Nomination and Remuneration committees to enhance governance; and operational shifts such as Xingwu Coal Mine's completion of upper coal seam mining since July 2024 prompting adaptation to new coal qualities amid market price fluctuations.