Core Viewpoint - New Hope Group has been awarded the "Corporate Social Responsibility Leader Enterprise" at the 20th China Corporate Social Responsibility/ESG International Forum for its outstanding practices in corporate social responsibility and innovation in energy transition [1][3]. Group 1: Award and Recognition - The "Golden Bee Corporate Social Responsibility China List" is an important evaluation system in the field of corporate social responsibility and sustainable development in China, having assessed over 4,000 enterprises since its inception in 2008 [3]. - New Hope Group's recognition reflects its significant contributions in energy transition, green development, and industrial empowerment, receiving unanimous approval from expert reviews [3]. Group 2: Innovation in Energy Transition - Under the "dual carbon" goals, the global energy structure is rapidly transitioning to green and low-carbon, with New Hope Group proposing the concept of "pan-energy" as early as 2008, focusing on user needs and the comprehensive development of the energy value chain [4]. - The company utilizes intelligent technology to create a pan-energy network platform, providing customized energy-carbon integrated solutions for various industries and scenarios [4]. Group 3: Value Points of Pan-Energy Business - The pan-energy business offers tailored solutions for high-energy-consuming factories, including "equipment transformation + intelligent management" for industries like dyeing and food [5]. - It enhances energy efficiency through the precise identification and intelligent matching of energy quality, significantly improving system efficiency by converting low-quality energy into usable energy [5]. - The multi-energy complementary model stabilizes the energy supply system by dynamically adjusting gas energy and storage systems to address the volatility of renewable energy generation [5]. Group 4: Impact and Future Directions - The pan-energy network has connected over 50,000 devices, facilitating low-carbon transitions for more than 9,000 energy users and over 200 industrial parks, achieving energy savings exceeding 1 billion kWh [6]. - The award is a recognition of New Hope's long-term commitment to social responsibility, and the company aims to continue leading innovation and contributing to global sustainable development goals [6].

Group 1 - The core index of the China Mainland Enterprises Global Public Utilities Composite Index (CN Public Composite) is reported at 2593.80 points, with a recent decline of 2.72% over the past month, an increase of 2.15% over the past three months, and a year-to-date decrease of 1.15% [1] - The index is based on the classification of China Mainland Enterprises according to the China Securities Index industry classification standard, reflecting the overall performance of different industry securities [1] - The index has a base date of December 31, 2004, with a base point of 1000.0 [1] Group 2 - The top ten holdings of the CN Public Composite Index include: Changjiang Electric Power (22.5%), China Nuclear Power (4.68%), Three Gorges Energy (3.65%), Xin'ao Energy (2.75%), Guodian Power (2.52%), China Resources Power (2.14%), Guotou Power (2.14%), Huaneng International (1.95%), Chuan Investment Energy (1.88%), and Kunlun Energy (1.84%) [1] - The market segment distribution of the index shows that the Shanghai Stock Exchange accounts for 66.03%, the Hong Kong Stock Exchange for 18.03%, the Shenzhen Stock Exchange for 15.72%, and the Beijing Stock Exchange for 0.22% [2] - The industry composition of the index indicates that electricity and grid account for 76.17%, gas for 14.13%, water services for 5.52%, heating and others for 2.75%, and municipal sanitation for 1.43% [2] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, particularly when there are changes in the industry classification of sample companies or if a sample company is delisted [2] - Events such as mergers, acquisitions, spin-offs, and suspensions of sample companies are handled according to calculation and maintenance guidelines [2]

Core Viewpoint - Controlled nuclear fusion is emerging as a key solution for global energy transition, with significant advancements reported in China's fusion research, particularly with the "玄龙-50U" device achieving major breakthroughs in plasma temperature and magnetic field strength [1][7][15]. Group 1: Achievements in Fusion Research - The "中国环流三号" (HL-3) has achieved a breakthrough in ion and electron temperature, reaching "双亿度" (double hundred million degrees) [1]. - The "东方超环" (EAST) has set a world record with "亿度千秒" (hundred million degrees for a thousand seconds) operation [1]. - The "玄龙-50U" has become the first spherical tokamak to achieve hydrogen-boron million ampere discharge and has set a world record for a magnetic field of over 1.2T [1][7]. Group 2: Innovative Development Strategies - The development of the "玄龙-50" faced challenges due to the need for rapid construction and verification, leading to a shift from technology following to original innovation [5][6]. - A "需求翻译机制" (demand translation mechanism) was established to convert abstract physical theories into executable engineering plans, enhancing the team's ability to achieve high-value goals with minimal costs [6][9]. - The team adopted a modular replaceable architecture for rapid upgrades, completing installations and tests in just 2.5 months, significantly faster than the international standard of 1-2 years [9][10]. Group 3: Future Goals and Challenges - The short-term goal for the "玄龙-50U" is to achieve hydrogen-boron fusion reactions, which requires overcoming challenges in heating efficiency and plasma control [10][15]. - The team aims to achieve commercial viability for fusion energy by 2027-2030, with potential earlier breakthroughs in hydrogen-boron fusion [15]. - Continuous innovation and collaboration are essential for addressing the technical challenges and achieving higher plasma temperatures and fusion parameters [10][15]. Group 4: Team Development and Experience Transfer - The transition from fission to fusion engineering has been a significant challenge, with the team leveraging experience from traditional nuclear power to enhance their capabilities in fusion research [11][13]. - The team has grown from fewer than 10 members in 2017 to nearly 300, developing a robust talent pipeline and expertise in large device design and construction [14]. - Key principles for team success include self-driven motivation, embracing trial and error, and continuous professional development through expert guidance and training [14].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購新奧股份、新奧能源或要約人證券的邀請或要約，亦 非在任何司法管轄區構成對任何表決或批准的招攬。 本公告並非供在、向或從刊發、登載或分發全部或部分內容即構成違反所涉司法管轄區適用法律或 規則之司法管轄區刊發、登載或分發。 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 2688) 茲提述 (i) 新奧天然氣股份有限公司（「新奧股份」）、新能（香港）能源投資有限公司 （「要約人」）與新奧能源於 2025 年 3 月 26 日刊發的聯合公告（「聯合公告」）、內容有 關（其中包括）要約人根據開曼群島公司法（2025 年修訂版）第 86 條通過計劃安排方式將 新奧能源私有化之附先決條件之建議（「建議」）以及新奧能源股份購股權要約；及 (ii) 新 奧能源根據收購守則規則 3.8 於 2025 年 3 月 30 日、2025 年 3 月 31 日、2025 年 5 月 1 ...

Core Insights - The article draws a parallel between the historical achievement of laying the transatlantic cable and the current pursuit of controlled nuclear fusion, highlighting the strategic vision and determination required in both endeavors [9][10]. Historical Context - In 1854, an American businessman named Field aimed to lay a transatlantic cable, which was deemed impossible due to the technological limitations of the time [3][4]. - After multiple failed attempts, including a significant setback in 1865, Field finally succeeded in 1866, enabling communication between the UK and the US, which was celebrated as a monumental achievement [5][6][7]. Current Industry Focus - Controlled nuclear fusion is emerging as a critical area of competition among nations, with significant investments and research efforts directed towards making it a viable energy source [10][11]. - The raw materials for nuclear fusion, such as deuterium and tritium, are abundant, with deuterium found in seawater, making it a potentially limitless energy source [12]. Investment and Development - The International Thermonuclear Experimental Reactor (ITER) project in France represents a significant global effort in nuclear fusion research, with various countries, including China, actively participating [14]. - Chinese private enterprises, such as New Hope Group, are increasingly involved in nuclear fusion projects, marking a shift from state-dominated initiatives to private sector participation [19][21]. Technological Milestones - New Hope Group's "Xuanlong-50U" device achieved its first plasma discharge in January 2024, marking a significant step in the development of controlled nuclear fusion technology [21]. - The project is notable for being the first privately initiated controlled nuclear fusion project in China, focusing on the hydrogen-boron fusion route, which is less common than the deuterium-tritium approach [21][22]. Challenges Ahead - The path to achieving practical nuclear fusion is fraught with challenges, including the need for extremely high temperatures and effective plasma confinement [31]. - The hydrogen-boron fusion route presents additional difficulties, requiring temperatures around 3 billion degrees Celsius, which have never been achieved [31]. Market Dynamics - The global investment landscape for nuclear fusion has seen a surge, with approximately $6.5 billion invested in commercial fusion startups over the past five years, indicating a growing interest from private capital [41]. - The flexibility and rapid decision-making capabilities of private enterprises may lead to faster advancements in nuclear fusion technology compared to government-led initiatives [42]. Future Outlook - The article concludes that while significant progress has been made, the journey towards commercial nuclear fusion is still in its early stages, with many hurdles to overcome before it can become a practical energy source [46].

Core Viewpoint - The four major urban gas companies in China have released their 2024 ESG reports, highlighting their greenhouse gas emissions and sustainability efforts, with a notable decrease in emissions across the board [1][3]. Emission Data Summary - Kunlun Energy has the highest total greenhouse gas emissions at 1.594 million tons of CO2 equivalent, a year-on-year decrease of 1.5%, with scope 1 emissions at 490,000 tons and scope 2 emissions at 1.104 million tons [3]. - New Hope Energy reported total emissions of 205,000 tons of CO2 equivalent, down 12.4% year-on-year, with scope 1 at 101,000 tons and scope 2 at 104,000 tons [3]. - China Resources Gas emitted 129,000 tons of CO2 equivalent, a decrease of 10.8% year-on-year, with scope 1 at 39,000 tons and scope 2 at 90,000 tons [3]. - Honghua Smart Energy had the lowest emissions at 77,000 tons of CO2 equivalent, with the largest reduction of 26% year-on-year, scope 1 at 48,000 tons and scope 2 at 29,000 tons [3]. Scope 3 Emissions - Kunlun Energy's scope 3 emissions exceeded 100 million tons, reaching 142 million tons of CO2 equivalent, with the highest contributions from "use of sold products" and "purchased goods and services" [7]. - New Hope Energy's scope 3 emissions were 60.2 million tons, primarily from the "use of sold products" category [8]. - Honghua Smart Energy reported scope 3 emissions of 11.7 million tons, with the majority from "use of sold products" [8]. Hazardous Waste and Environmental Investment - Honghua Smart Energy reported the highest hazardous waste at 25 tons, followed by New Hope Energy at 22.68 tons and China Resources Gas at 9.24 tons [11]. - Kunlun Energy disclosed hazardous solid waste of 756 tons and methane emissions of 6,863 tons, down 4% year-on-year [13]. Sustainability Initiatives - Urban gas companies are actively pursuing new growth avenues to align with carbon neutrality goals, focusing on "urban gas + new energy" strategies [14]. - Honghua Smart Energy has implemented 128 zero-carbon smart parks and has a total installed photovoltaic capacity of 2.3 GW [14]. - China Resources Gas is focusing on distributed photovoltaic energy, with a total signed installed capacity of 4 GW and operational capacity of 3.1 GW [14]. - Kunlun Energy is expanding its renewable energy projects, including distributed photovoltaic and wind energy [14][15]. - New Hope Energy aims to increase the share of renewable energy to 36% by 2030, with a current share of 23.5% [15][16].

本公告並非供在、向或從刊發、登載或分發全部或部分內容即構成違反所涉司法管轄區適用法 律或規則之司法管轄區刊發、登載或分發。 新奧天然氣股份有限公司 新奧能源控股有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：600803） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購新奧股份、新奧能源或要約人證券的邀請或要 約，亦非在任何司法管轄區構成對任何表決或批准的招攬。 (2) 建議撤銷新奧能源控股有限公司的上市地位 新奧股份H股建議上市的最新消息 新奧股份及要約人的牽頭財務顧問 新奧股份及要約人的聯席財務顧問 新奧能源的財務顧問 （於開曼群島註冊成立的有限公司） （股份代號：2688） Xinneng (Hong Kong) Energy Investment Limited 新能（香港）能源投資有限公司 （於香港註冊成立的有限公司） (1) 根據公司法第86條通過協議安排方式將新奧能源控股有限公 ...

Core Viewpoint - The event organized by New Energy in Shandong aims to enhance gas safety management in rural areas, strengthen government-enterprise collaboration, and enforce safety responsibilities [7][8][19]. Group 1: Event Overview - The event took place in Ren Dikou Village, Liaocheng, as part of the national "Safety Production Month" initiative [1]. - 65 key employees from 13 member companies of New Energy in Shandong formed 13 teams to compete in various practical scenarios related to safety and customer service [4]. Group 2: Government and Enterprise Collaboration - The director of Liaocheng City Management Bureau emphasized the importance of gas safety for public welfare and the need for collaboration among government, enterprises, and society [7]. - New Energy aims to improve the government-enterprise-civilian interaction mechanism through AI empowerment to establish a comprehensive gas safety governance system [8][19]. Group 3: Practical Exercises - The event included knowledge competitions, hazard inspections, fire drills, and charitable donations, focusing on the unique challenges of gas management in rural areas [11]. - Teams competed in a quiz format covering gas safety management knowledge, emergency procedures, customer service standards, and digital application standards [11]. Group 4: Community Engagement - Fire drill demonstrations were conducted to teach villagers how to use fire-fighting equipment and manage initial fire situations [12]. - Teams conducted thorough inspections of gas pipelines and appliances in villagers' homes, enhancing community awareness and participation in gas safety [13]. Group 5: Social Responsibility - Liaocheng New Energy donated smart gas alarms to the elderly in the village and arranged for professional installation, demonstrating corporate social responsibility [16]. - The event concluded with awards for the best-performing teams, promoting a competitive spirit in safety management [16]. Group 6: Future Directions - The event's success will lead to ongoing improvements in the government-enterprise-civilian collaboration mechanism, aiming for a safer gas management environment [19]. - The focus will shift from manual safety measures to intelligent prevention strategies to better protect public safety and enhance service delivery [19].

Core Insights - The integration of energy and AI represents a deep fusion of the real economy and digital technology, driven by policies aimed at enhancing efficiency and controlling carbon emissions [1][4] - The concept of a "closed-loop" system in energy digitalization is essential for creating incremental value, emphasizing the importance of perception, cognition, and decision-making [2][3] - The energy sector is undergoing a transformation towards digitalization, with New Hope Energy's initiatives leading to significant energy savings and carbon reduction [3][5] Energy and AI Integration - The development of "Energy + AI" is characterized by a closed-loop system that enables intelligent decision-making, which is crucial for adding value to clients [2][3] - New Hope Energy has implemented a comprehensive energy system that integrates various energy sources, aiming to provide deep energy and carbon digital services to over 9,500 enterprises and 200 parks by 2025 [3] Challenges and Future Outlook - The current stage of "Energy + AI" is likened to a youthful phase, with various factors influencing its maturity, including policy guidance and industry recognition [4][6] - The energy sector faces challenges in adopting AI due to the complexity and real-time nature of industry data, necessitating a shift from single-point product optimization to comprehensive energy solutions [5] - The future of energy digital services will depend on the ability to create standardized solutions and modules that can be adapted to different industry needs, fostering a platform for innovation [5][6]

( 於開曼群島註冊成立之有限公司 ) (股份代號: 2688) 本公告並非供在、向或從刊發、登載或分發全部或部分內容即構成違反所涉司法管轄區適用法律或 規則之司法管轄區刊發、登載或分發。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購新奧股份、新奧能源或要約人證券的邀請或要約，亦 非在任何司法管轄區構成對任何表決或批准的招攬。 根據收購守則規則 3.8 刊發的公告 本公告由新奧能源控股有限公司（「新奧能源」）根據香港公司收購及合併守則（「收購守 則」）規則 3.8 而作出。 茲提述 (i) 新奧天然氣股份有限公司（「新奧股份」）、新能（香港）能源投資有限公司 （「要約人」）與新奧能源於 2025 年 3 月 26 日刊發的聯合公告（「聯合公告」）、內容有 關（其中包括）要約人根據開曼群島公司法（2025 年修訂版）第 86 條通過計劃安排方式將 新奧能源私有化之附先決條件之建議（「建議」）以及新奧能源股份購股 ...