Sichuan Liming Energy Development Co., Ltd. agreed to acquire an unknown minority stake in AAG Energy Holdings Limited (SEHK:2686) on February 17, 2023. Under the terms, Xinjiang Xintai will pay HKD 1.85 per share. Post acquisition, AAG Energy Holdings will be delisting from stock exchange.

CHINA GALAXY INTERNATIONAL SECURITIES (HONG KONG) CO., LIMITED acted as financial advisor for AAG Energy Holdings Limited. The transaction is expected to close on May 22, 2023. SOMERLEY CAPITAL LIMITED acted as financial advisor and fairness opinion provider to Independent Board Committee.

CINDA INTERNATIONAL CAPITAL LIMITED and HUARONG INTERNATIONALCAPITAL LIMITED acted as financial advisor toSichuan Liming Energy Development Co., Ltd.. As of March 27, 2023, Xinjiang Xintai Natural Gas Co., Ltd. shareholders approved the transaction. On 27 March 2023, the shareholders of Xinjiang Xintai have approved the Proposal (including the Scheme) in accordance with the articles of association of Xinjiang Xintai.