The board of Directors of China LNG Group Limited announced that the company has formalised the Strategic Cooperation Agreements with CNOOC Limited (CNOOC) on the comprehensive cooperation of the Company's four regions Energy Centers with exclusive liquefied natural gas (LNG) operation rights and two automobile Gas stations in China. The subsidiaries of the Company which owns the aforementioned four LNG Energy Centers and two automobile Gas Stations will provide all of the infrastructure facilities, equipment, operating licenses and customer base offering the operation platform for both parties in the cooperation, CNOOC will take its unique advantages as the leading natural gas procurement platform in the whole country as the only LNG supplier for the cooperation and appoint its SOE professional team to participate in the supervision and operation process of the Energy Centers and Gas Stations, both parties share the operational results according to the terms and conditions stipulated in the agreements, to achieve the goal of win-win outcome for all. On 24 March 2023, the subsidiaries of the Company which owns the Energy Centers have entered into Energy Center Cooperation Agreements with CNOOC respectively on the cooperatively operating of four Entergy Centers of the Company, pursuant to which CNOOC will be the sole LNG supplier of the Energy Centers of the Company, participate in the operation and share the operational results according to agreed terms and conditions.

The performance period of each LNG Energy Center shall be effective for a period commencing from the signing date of the Energy Center Cooperation Agreements to one year (the Effective Period), covers the scope of Energy Centers' LNG supply business including LNG dewar bottle filling, point-to-point supply, township pipeline networks and the reverse-transmission national pipeline networks. The income generated or losses suffered from other businesses of the Energy Centers other than LNG supply during the Effective Period should not join the distribution of cooperative operational surplus. From the date of the Energy Center Cooperation Agreements and during the Effective Period: CNOOC takes its unique advantages that available on CNOOC Group's platform of natural gas procurement to provide the Energy Centers with high quality LNG at prices that compare more favorably with the market, responsible for the Energy Centers' unified procurement of LNG gas sources with cheaper prices than external purchases; Endures selling prices are jointly determined by both parties according to market pricing mechanism, the Energy Centers are responsible for managing daily operation, the SOE professional team of CNOOC is responsible for supervising resource flow and operation process; During the Effective Period and at the end of each quarter, the cooperative operational surplus which are calculated on the agreed income range after deducting depreciation, financial expenses, daily operating costs and net-off the loss (if any) are shared equally between both parties; and When LNG transportation services are required, the Company's LNG transportation fleets will be given priority at the terms and conditions as defined in the separated LNG Transportation Contract entered between the relevant parties.

On 24 March 2023, the subsidiaries of the Company which owns the automobile Gas Stations have entered into the Gas Station Cooperation Agreements with CNOOC respectively for the cooperation of two automobile Gas Stations of the Company, pursuant to which CNOOC will responsible for the daily operation of the automobile Gas Stations as the sole LNG supplier and share the operational results according to agreed terms and conditions. The performance period of each automobile Gas Station shall be effective for a period commencing from the signing date of the Gas Station Cooperation Agreements to ten years (Luan National Highway Gas Station) and three years (Huanggang Nanhu Gas Station) respectively (the Cooperation Period), covers the scope of Gas Stations' LNG sales business. From the date of the Gas Station Cooperation Agreements and during the Cooperation Period: Luan National Highway Gas Station: During the Cooperation Period, the Luan National Highway Gas Station of the Company will entitle to utilise the Offshore-Gas Hassle-Free price policy provided by CNOOC Jiangsu Natural Gas Utilization Company Limited to obtain and secure the best price in the market and bring abundant sales capacity to the Gas Station; CNOOC will fully responsible for the daily operation of Luan National Highway Gas Station during the Cooperation Period; and The Company will steadily receive a fixed amount of income from sales volume according to agreed terms and conditions.

Huanggang Nanhu Gas Station: During the Cooperation Period, the Huanggang Nanhu Gas Station of the Company will entitle to utilise the Offshore-Gas Hassle-Free price policy provided by CNOOC Huangshi Transportation New Energy Company Limited*, a wholly-owned subsidiary of CNOOC Gas Power Group, to obtain and secure the best price in the market and bring abundant sales capacity to the Gas Station; Both parties are jointly responsible for the daily operation of the Huanggang Nanhu Gas Station during the Cooperation Period; and The Company shares 49% of the profit and loss of the Huanggang Nanhu Gas Station according to agreed terms and conditions.