CR Gas Investment (China) Ltd. entered into sale and purchase agreement to acquire approximately 2.05% stake in Chongqing Gas Group Corporation Ltd. (SHSE:600917) from China Resources Asset Management Company Limited for approximately CNY 250 million on September 10, 2021. CR Gas agreed to buy 32.2 million shares of Chongqing Gas for CNY 7.68 per share, which will be satisfied with the internal resources of the Group and by CR Gas in cash within seven working days following the satisfaction of the conditions precedent of sale and purchase agreement. In a related transaction, CR Gas Investment (China) Ltd. entered into a sale and purchase agreement to acquire 14.85% stake in Chongqing Gas Group Corporation Ltd. from China Resources YuKang Asset Management Co., Ltd. for CNY 2.4 billion on September 10, 2021. Following completion, CR Gas Investment holds a 16.90% stake in Chongqing Gas Group Corporation. As of October 15, 2021, CR Gas Investment (China) Ltd. has completed the payment of the relevant price for this transaction. The transfer of the agreement has yet to be handled by the Shanghai Branch of China Securities Depository and Clearing Corporation Limited. The transaction is subject to approval of regulatory and third-party consent.

CR Gas Investment (China) Ltd. completed the acquisition of approximately 2.05% stake in Chongqing Gas Group Corporation Ltd. (SHSE : 600917) from China Resources Asset Management Company Limited on December 22, 2021.