Luda Technology Group Announces Entry into Mongolia-China Coal Trading Business and Long-Term Commodity Trading Strategy

Hong Kong, Oct. 21, 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, today announced its entry into the Mongolia-China coal trading business. The Company has entered into agreements with two customers in the Chinese market for the supply of, in aggregate, 440,000 metric tons of Mongolian thermal coal over one year, comprising of 220,000 metric tons per customer. For each customer, the commitments cover 20,000 metric tons to be supplied through November 30, 2026, and an additional 200,000 metric tons through October 14, 2027. These agreements mark the Company’s expansion into commodity trading and provide the foundation for a broader long-term strategy focused on energy, metals, and marketable mineral products.