L&L Delivers First Coal Shipment to Large End User
SEATTLE, May 16, 2012. L & L Energy, Inc. (NASDAQ: LLEN) (“L&L”), a U.S.-based company with a five-year track record of
profitable underground coal mining and distribution operations in China, has commenced delivery of coal to Datang International
Power Generation Co., Ltd. (“Datang Utility”) and a new customer, Luk Fook Co., Ltd. (“Luk Fook”).
On May 14, L&L’s DaXing wholesale subsidiary has delivered the first shipment coal via its new loading facilities at ShinPingBa
railroad station, located in the Guizhou Province. Under a new sales agreement entered with Luk Fook, L&L will deliver coal to one of
its facilities in the Guangxi Province. This first shipment is anticipated to lead to larger sales contracts with Luk Fook in the future.
In addition, on April 5, 2012, the Company made an announcement that its DaXing subsidiary will provide 20,000 tons of thermal coal
per month, over 12 months to Datang Utility’s Heshan power plant. The first shipment of coal has been aggregated at L&L’s facilities
at ShinPingBa station and will be loaded on May 20 to Datang Utility.
L&L’s Chairman and CEO, Dickson Lee, commented, “I am very pleased with the speed we have been able to deliver coal to our new
customers. These new sales are a product of our improved logistics platform. I look forward to executing large coal sales this year,
bringing significant new revenue from our DaXing subsidiary in the future.”
Forward Looking Statements
The statements contained words that are not historical fact, including statements related to Company's future performance, are all
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and that involve a number
uncertainties. Actual results of the future events described in this document could differ materially. Other than as required under the
securities laws, the Company does not assume a duty to update these forward-looking statements.
L&L Energy, Inc.
Source: L & L Energy, Inc.