Group 1 - New Natural Gas Retail Sales Volume reached 19.19 billion cubic meters for the nine months ending September 30, 2025, representing a year-on-year growth of 2.0% [1] - Sales volume for industrial and commercial users increased by 2.5% to 15.21 billion cubic meters, while residential gas sales grew by 1.5% to 3.80 billion cubic meters [1] - The company has installed a daily gas supply capacity of 9.53 million cubic meters for newly developed industrial and commercial users, and completed installations for 985,500 new residential users [1] Group 2 - The company has launched 378 energy projects, with energy sales reaching 28.99 billion kilowatt-hours during the period [1] - The company aims to leverage the opportunities presented by China's economic transformation and high-quality development, focusing on expanding its natural gas base and ensuring steady growth [1] - The smart home business has reached 4.28 million existing customers, an increase of 16,100 compared to the same period last year, with a significant growth potential as the business covers over 100 million people and more than 30 million households [2] Group 3 - The smart home business will continue to capitalize on opportunities from new policies and AI technology development, focusing on upgrading safety scenario smart products and innovating kitchen service models [2] - The company is committed to promoting the development of its smart home business by addressing the essential needs of family customers [2]

Investment Rating - The report maintains a positive outlook on the public utility sector's central enterprises with a focus on the ESG evaluation system [1]. Core Insights - The establishment of the ESG evaluation system for public utilities is based on a balanced emphasis on environmental and social issues, crucial for achieving national carbon neutrality goals [3][9]. - The evaluation system consists of four categories of positive indicators and one category of negative indicators, with a total of 18 primary indicators and 35 secondary indicators [12][28]. - Key policies guiding the sector include promoting renewable energy, enhancing energy efficiency, and ensuring equitable public services [9][11]. Summary by Sections 1. ESG Policy: Balancing Environmental and Social Issues - The public utility sector is a major contributor to energy consumption and carbon emissions, making its green transition vital for national carbon goals [3][9]. - Recent policies emphasize the development of clean energy and pollution control, with specific directives from various government bodies [9][11]. 2. Constructing the ESG Evaluation System: Multi-Dimensional Assessment - The ESG evaluation system is structured with four positive categories: General Indicators, Environmental Indicators, Social Indicators, and Governance Indicators, along with one negative category for violations [12][28]. - Each category has specific indicators designed to objectively assess the performance of enterprises in the public utility sector [12][28]. 3. General Indicators - General indicators assess the authenticity and standardization of ESG reports, including the basis for report preparation, third-party verification, and the publication of ESG-specific reports [12][14]. 4. Environmental Indicators - Environmental indicators focus on energy efficiency and circular economy principles, with metrics for emissions management, ecological compliance, resource utilization, and climate strategy [15][17]. 5. Social Indicators - Social indicators highlight the sector's role in public service, with metrics for community contributions, employee development, innovation, supply chain responsibility, and customer rights [19][21]. 6. Governance Indicators - Governance indicators aim to enhance corporate governance standards, focusing on party leadership, industry reform, compliance risk management, governance structure, and information transparency [23][26]. 7. Negative Indicators - The negative category includes penalties for violations, with specific metrics for environmental, social, and governance infractions, where each violation results in a deduction of points [28][31]. 8. Valuation of Key Companies - The report includes a valuation table for key companies in the public utility sector, indicating ratings and projected earnings per share (EPS) for the years 2025 to 2027 [34].

| 要點: | 截至9月30日止九個月 | | | | --- | --- | --- | --- | | | 2025年 | 2024年 | 增加∕ | | | | | (減少) | | 泛能銷售量 (百萬千瓦時) | 28,990 | 29,668 | (2.3%) | | 天然氣零售銷售量 (百萬立方米) | 19,190 | 18,819 | 2.0% | | 新開發家庭用戶 (千) | 985 | 1,102 | (10.6%) | | 新開發工商業用戶已裝置日設計供氣量 (千立方米) | 9,526 | 11,133 | (14.4%) | | 附註：本公告披露之本集團營運數據包括其附屬公司、合營企業及聯營公司之數據。 | | | | 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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而産生或因倚賴 該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：2688） 截至2025年9月30日止九個月之 未經審核營運數據 新奧能源控股有限公司（「本公司」，連同其附屬公司 ...

Core Viewpoint - New Oriental Energy announced that 40,500 stock options granted under its 2012 stock option plan will expire on October 28, 2025, in accordance with the rules of the plan [1] Group 1 - The stock options were part of the company's 2012 stock option plan [1] - The expiration date for the stock options is set for October 28, 2025 [1] - A total of 40,500 stock options are affected by this announcement [1]

Core Viewpoint - XinAo Energy (02688) announced that 40,500 stock options granted under its 2012 stock option plan will expire on October 28, 2025, in accordance with the rules of the plan [1] Summary by Category - **Company Announcement** - XinAo Energy has released a notice regarding the expiration of 40,500 stock options [1] - The expiration date is set for October 28, 2025 [1] - The stock options were granted under the company's 2012 stock option plan [1]

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) 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 ...

Core Viewpoint - Changsha Newao Gas Company plans to implement gas supply suspension in specific areas to ensure the safe and stable operation of the gas pipeline network and to support municipal key construction projects [1] Group 1: Suspension Schedule - The gas supply will be suspended from October 30 (Thursday) 22:00 to October 31 (Friday) 8:00 [2] - Affected areas include Huojulu (East Second Ring - Wanjiali Middle Road), Tantouping Road (East Second Ring - Liuyang River Bridge), Liuyang River Avenue (East Second Ring - Liuyang River Bridge), and Wanbao Avenue (East Second Ring - Wanjiali Middle Road) [2] - Affected residential communities include Furongyuan Community, Furongyuan Senior Apartment, and several others [2] Group 2: Impact on Commercial Users - Affected commercial users include nearby merchants of Furongyuan, Jiudaowan, Wanxiang Kaixuan Bay, and several hotels and institutions [2] Group 3: Safety Tips - Users are advised to close gas appliances and valves before the suspension and not to use gas facilities during the suspension [3] - After gas supply restoration, users should ventilate their homes and follow specific steps to safely relight gas appliances [3] - In case of any issues, users can contact Changsha Newao Gas's 24-hour service hotline or follow their official WeChat account for online consultation [3]

王玉锁、赵宝菊夫妇二人的财富增长核心源于新奥集团的资产整合与业务协同深化。作为天然气领域龙 头企业掌舵人，王玉锁主导推进的新奥能源私有化取得关键进展，此举旨在将核心资产整合至A股平 台，借助境内市场流动性提升资产估值。同时，新奥股份2024年超31亿元的分红中，近23亿元落入王玉 锁控股企业，成为财富增长的直接支撑。 专题：2025胡润百富榜出炉（搜索版） 2025年《胡润百富榜》发布，新奥集团创始人王玉锁、赵宝菊夫妇以670亿元财富值上榜，较2024年的 600亿元增加70亿元，涨幅达12%；但排名由去年的第63位下降15个名次至第78位。 从行业视角看，王玉锁、赵宝菊夫妇二人的财富轨迹折射出传统能源企业在转型期的"稳健韧性"。尽管 新能源、AI等新兴领域成为造富主力，但新奥集团依托天然气产业链的深厚积淀，仍实现了财富正增 长，与房地产等持续承压的传统行业形成鲜明对比。值得注意的是，王玉锁已开始布局前沿领域与多元 产业，不仅投入资源布局核聚变等未来能源技术，还涉足文化产业项目，展现出传统企业龙头向新兴领 域延伸的转型尝试。 胡润研究院指出，2025年财富增长重心已加速向新质生产力领域聚集。对于王玉锁、赵宝菊 ...

就新奧天然氣股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： 2025 年 10 月 28 日 透過協議安排進行私有化 完 註： | 交易方 | 日期 | | | 有關證券的 | 交易性質 | 買入／賣出 | 涉及的股份 | 已支付／已收取 | 已支付或已收 | 已支付或已收 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 說明 | | | 總數 | 的總金額 | 取的最高價 | 取的最低價 | | | | | | | | | | | （H） | （L） | | Morgan Stanley & | 2025 | 年 10 | 月 | 普通股 | 因全屬客戶主動發出且由客戶需求帶動的買賣盤所 | 買入 | 23,000 | $424,557.0000 | $18.5700 | $18.3700 | | Co., International | 27 日 | | | | Delta 1 產生的 產品的對沖活動 | | | | | | | p ...

就新奧天然氣股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： Morgan Stanley Capital Services LLC 是與要約人有關連的第(5)類別聯繫人。 交易是為本身帳戶進行的。 2025 年 10 月 28 日 透過協議安排進行私有化 | 交易方 | 日期 | | | 有關證券 | 產品說明 | 交易性質 | | 與衍生工具有 | | 到期日或清結日 | 參考價 | 已支付／已收取的 | 交易後數額（包括 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 的說明 | | | | 關的參照證券 | | | | 總金額 | 與其訂有協議或 | | | | | | | | | | | 數目 | | | | | 達成諒解的任何 | | | | | | | | | | | | | | | | 人士的證券） | | | Morgan Stanley | 2025 | 年 10 | ...