Luda Technology Group Expands Mongolia-China Coal Trading Business with 1.05 Million Metric Ton Agreement with Shanghai Shouying Huifu Energy Development Co., Ltd.
Hong Kong, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (NYSE American: LUD) (the "Company" or "Luda Technology"), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, announced that its subsidiary, Luda Development Limited, has signed a new coal supply agreement with Shanghai Shouying Huifu Energy Development Co., Ltd. Under the new agreement, the Shanghai Shouying Huifu Energy Development Co., Ltd. will order a total of 1,050,000 metric tons of Mongolian thermal coal in batches over one year, from November 2, 2026 through November 2, 2027. This new agreement is in addition to the existing 440,000 metric ton commitment from customers, as announced on October 21, 2026. It brings the Company's total customer commitments in its Mongolia-China coal trading business to 1,490,000 metric tons.
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