Intercontinental Oil and Gas: The two-board Iraq project is only in the start-up stage and still has uncertainties.

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Data Gold 14 November, Intercontinental Oil and Gas released an announcement of abnormal stock trading fluctuations, as of the date of this announcement, the company's controlling shareholder, Guangxi Zhenghe Industrial Group Co., Ltd., holds 508,341,781 shares of the company, of which 508,276,917 shares have been staked, accounting for 99.99% of its holdings. Recently, the company has signed exploration, development, and production contracts for Zurbatiya Blok and Jabel Sanam Blok with Midland Oil Company of Iraq (Iraq Central Oil Company) and Basrah Oil Company. Currently, the relevant projects are only in the initial stage and still have uncertainties.

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