Beijing Gas Blue Sky : DISCLOSURE PURSUANT TO RULE 13.18 OF THE LISTING RULES

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Beijing Gas Blue Sky Holdings Limited

北京燃氣藍天控股有限公司

(Incorporated in Bermuda with limited liability)

（Stock Code：6828）

DISCLOSURE PURSUANT TO RULE 13.18 OF

THE LISTING RULES

The Board announces that on 14 August 2020 the Company has accepted the terms and conditions of the letter supplemented to the Facility Letter issued by the Bank pursuant to which the Bank agreed to extend the maturity date of the Facility for one year.

The Facility Letter has imposed certain undertakings relating to specific performance of the Company's controlling shareholder.

This announcement is made by Beijing Gas Blue Sky Holdings Limited (the "Company") pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of the Company announces that on 14 August 2020, the Company has accepted the terms and conditions of the letter dated 14 August 2020 supplemented to the facility letter dated 9 August 2017 as supplemented by the supplemental letter dated 2 September 2019 (together the "Facility Letter") issued by a bank (the "Bank"), pursuant to which the Bank agreed to extend the maturity date of a term loan facility up to a maximum principal amount of HK$250,000,000 (the "Facility") for one year to 17 August 2021.

The terms and conditions of the Facility Letter including, among others, an undertaking that Beijing Gas Group Co., Ltd ("Beijing Gas Group"), a controlling shareholder of the Company, shall directly or indirectly remain as the single largest shareholder of the Company with a minimum shareholding of 35% of the equity interest of the Company. In the event the aforesaid undertaking has been breached, the Bank may terminate the Facility and demand immediate repayment of all outstanding amounts from time to time.

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As at the date of this announcement, Beijing Gas Company Limited, a wholly-owned subsidiary of Beijing Gas Group, directly holds approximately 41.13% of the issued shares of the Company and is the largest shareholder of the Company.

The Company will make disclosure in its subsequent interim and annual reports pursuant to Rule

13.21 of the Listing Rules so long as circumstances giving rise to the obligations under Rule 13.18 of the Listing Rules continue to exist.

By order of the Board

Beijing Gas Blue Sky Holdings Limited

Zhi Xiaoye

Chairman

Hong Kong, 18 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. Li Weiqi, Mr. Jin Qiang, Ms. Yang Fuyan and Mr. Ye Hongjun; the non-executive directors of the Company are Mr. Zhi Xiaoye and Mr. Cheng Ming Kit; and the independent non-executive directors of the Company are Mr. Lim Siang Kai, Mr. Wee Piew, Mr. Ma Arthur On-hing, Mr. Cui Yulei and Ms. Hsu Wai Man, Helen.

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