Jiangxi China Gas Investment Co., Ltd signed a Share Transfer Agreement to acquire a 7.41% stake in Xinjiang Torch Gas Co., Ltd from Chen Zhilong, Guo Peng, Yan Shijun, Qin Xiuli, Zhang Xiuli, Reyihan Guli Sutan, Zhao Haibin and Yang Hengjun for approximately CNY 190 million.

Jiangxi China Gas Investment Co., Ltd signed a Letter of Intent to acquire a 15.68% stake in Xinjiang Torch Gas Co., Ltd (SHSE:603080) from Zhao Anlin, Chen Zhilong, Guo Peng, Yan Shijun, Qin Xiuli, Zhang Xiuli, Reyihan Guli Sutan, Zhao Haibin and Yang Hengjun on November 19, 2021. As of July 22, 2022, Jiangxi China Gas Investment signed a Share Transfer Agreement to acquire a 7.41% stake in Xinjiang Torch Gas from Chen Zhilong, Guo Peng, Yan Shijun, Qin Xiuli, Zhang Xiuli, Reyihan Guli Sutan, Zhao Haibin and Yang Hengjun for CNY 194.3 million and Zhao Anlin will not transfer his shares. will pay the consideration using own funds and self-raised funds.

As of the disclosure date of this announcement, the due diligence work has been completed.