Henan Lantian Gas Co.,Ltd. (SHSE:605368) intends to acquire remaining 52% stake in Changge Lantian New Energy Co., Ltd. from Changge Yulong Industrial Co., Ltd. on January 21, 2022. Henan Lantian Gas Co.,Ltd. signed a contract to acquire remaining 52% stake in Changge Lantian New Energy Co., Ltd. from Changge Yulong Industrial Co., Ltd. for approximately CNY 440 million on April 20, 2022. As per the transaction, Henan Lantian Gas Co.,Ltd. will issue approximately 31 million shares to Changge Yulong Industrial Co., Ltd. Changge Yulong Industrial will hold 6.26% stake in Henan Lantian Gas Co.,Ltd. after completion. As on April 27, 2022, According to the adjusted issue price, the number of shares issued to the Changge Yulong Industrial in this transaction was adjusted from the original 30,911,901.00 shares to 32,154,340.00 shares. On June 13, 2022, Henan Lantian Gas has received approval to issued shares to Changge Yulong Industrial Co., Ltd. to purchase assets" issued by the China Securities Regulatory Commission and approval is valid for 12 months from the date of issuance. Henan Lantian Gas has perform its information disclosure obligations in a timely manner in accordance with relevant regulations. For the year ended December 31, 2021, Changge Lantian New Energy reported revenues of approximately CNY 350 million, EBIT of approximately CNY 70.07 million, total assets of approximately CNY 110 million and net assets of approximately CNY 74.24 million. The transaction has been approved by the board of Henan Lantian Gas Co.,Ltd., both shareholders and the board of Changge. Hoda, Wang Huizheng, Liu Haiyan, Zhao Yuhan, Liu Zhi, Jiang Shiyang and Xing Xi of China Merchants Securities Co., Ltd. (SHSE:600999) acted as financial advisor, Xu Mingjun, Wang Haiqing and Wang Yukun of Beijing Junzhi Law Firm acted as legal advisor and Yao Gengchun, Li Liuqing and Chen Xinshuang of ZhongXingCaiGuangHua CPA Office Co. Ltd acted as accountant to Henan Lantian Gas Co.,Ltd.

Henan Lantian Gas Co.,Ltd. (SHSE:605368) completed the acquisition of a 52% stake in Changge Lantian New Energy Co., Ltd. from Changge Yulong Industrial Co., Ltd. on June 14, 2022.