TL NATURAL GAS HOLDINGS LIMITED (於開曼群島註冊成立的有限公司) 股份代號:8536 2025 中期報告 2025 Interim Report TL NATURAL GAS HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Code : 8536 01 香港聯合交易所有限公司（「聯交所」）GEM之特色 聯交所GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 本報告將於由其刊登日期起計最少一連七日期間於香港聯合交易所有限公司網站www.hkexnews.hk 「最新上市公司公告」網頁及本公司網站www.tl-cng.com 登載。 TL NATURAL GAS HOLDINGS LIMITED 2025中期報告 02 未經審核中期業績 董事會（「董事會」）欣然呈報本集團截至二零二五年六月三十日止六個月（「期間」）的未經審核 ...

TL NATURAL GAS(08536.HK)发布截至2025年6月30日止六个月业绩，收入4288.2万元(人民币，下 同)，同比下降3.5%;公司拥有人应占亏损267.9万元，同比收窄39.4%;每股基本亏损1.46仙。 本文源自：金融界AI电报 ...

期内收入同比减少主要由于CNG销售大幅减少，部分被LNG销售增加所抵销。 TL NATURAL GAS(08536)发布截至2025年6月30日止六个月业绩，收入4288.2万元(人民币，下同)，同 比下降3.5%;公司拥有人应占亏损267.9万元，同比收窄39.4%;每股基本亏损1.46仙。 ...

（於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8536） 截至二零二五年六月三十日止六個月之 中期業績公告 TL Natural Gas Holdings Limited（「本公司」，連 同 其 附 屬 公 司 為「本集團」）董 事（「董 事」）會（「董事會」）欣然宣佈本集團截至二零二五年六月三十日止六個月之中期 未 經 審 核 綜 合 業 績。本 公 告 載 有 本 公 司 二 零 二 五 年 中 期 報 告（「二零二五年中 期報告」）全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司GEM證券上市規則（「GEM上市規 則」）有 關 中 期 業 績 初 步 公 告 隨 附 資 料 之 相 關 規 定。二 零 二 五 年 中 期 報 告 的 印 刷 版 本 將 於 適 當 時 候 寄 發 予 本 公 司 的 股 東，並 刊 登 在 香 港 聯 合 交 易 所 有 限 公 司 網 站 www.hkexnews.hk 及本公司網站 www.tl-cng.com 以 供 閱 覽。 承董事會命 TL Natural Gas Holdings Limited 執 行 董 事、主 ...

TL Natural Gas Holdings Limited（「本公司」，連 同 其 附 屬 公 司 為「本集團」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 二 零 二 五 年 八 月 十 四 日（星 期 四） 舉 行，以 審 議 及 批 准 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 及 處 理 任 何 其 他 事 項。 承董事會命 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。 TL Natural Gas Holdings Limited （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8536） 董事會會議日期 香 港，二 零 二 五 年 八 月 四 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 劉 永 成 先 生、劉 永 強 先 生 及 劉 永 生 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: TL Natural Gas Holdings Limited (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08536 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 2,500,000,000 | | HKD | 0.04 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,500,000,000 | HKD | 0.04 | HKD | | 100,000,000 | 本月底 ...

Financial Performance - The company recorded revenue of RMB 963 million for the year, an increase of approximately RMB 183 million or 23.5% compared to 2023[10]. - LNG sales contributed RMB 513 million this year, up from RMB 241 million in 2023, driven by increased local community demand[10]. - CNG sales decreased to RMB 451 million from RMB 538 million in 2023 due to a trend of vehicles transitioning to electric[10]. - The net loss for the year decreased by 57.5% to RMB 99 million from RMB 233 million in 2023[10]. - Revenue increased by approximately RMB 18.3 million or 23.5% to approximately RMB 96.3 million for the year ended December 31, 2024, compared to RMB 78.0 million for the previous year[16]. - Retail business revenue decreased by approximately RMB 4.5 million or 26.5% to approximately RMB 12.5 million, accounting for 13.0% of total revenue, primarily due to the shift from CNG vehicles to electric vehicles[19]. - Wholesale business revenue decreased by approximately RMB 4.1 million or 11.1% to approximately RMB 32.7 million, representing 33.9% of total revenue, mainly due to reduced CNG sales[19]. - LNG sales revenue surged by approximately RMB 27.2 million or 112.9% to approximately RMB 51.3 million, making up 53.3% of total revenue, driven by increased local community demand[20]. - Cost of sales increased by approximately RMB 17.7 million or 25.1% to approximately RMB 88.2 million, primarily due to a significant rise in LNG sales volume[21]. - Gross profit rose by approximately RMB 0.6 million to approximately RMB 8.1 million, with a gross margin decrease from 9.6% to 8.4% due to high procurement costs and low LNG sales margins[22]. - Administrative expenses increased by approximately RMB 2.9 million or 23.0% to approximately RMB 15.5 million, mainly due to legal fees related to Malaysian property and increased employee costs[29]. - The company reported a loss attributable to owners of approximately RMB 9.7 million for the year, a decrease of RMB 13.3 million or 57.8% compared to RMB 23.0 million for the year ended December 31, 2023[34]. Assets and Equity - As of December 31, 2024, the total equity of the group was approximately RMB 53.3 million, down from RMB 59.3 million as of December 31, 2023[36]. - The group's cash and cash equivalents amounted to approximately RMB 29.4 million as of December 31, 2024, compared to RMB 28.4 million as of December 31, 2023[36]. - The group's operating working capital was approximately RMB 33.9 million as of December 31, 2024, down from RMB 35.1 million as of December 31, 2023[36]. - The trade receivables turnover days decreased to approximately 9.1 days for the year, down from 18.1 days for the year ended December 31, 2023[41]. - The group recorded a decrease in trade receivables of approximately RMB 1.2 million to about RMB 1.8 million as of December 31, 2024, compared to RMB 3.0 million as of December 31, 2023[41]. - As of December 31, 2024, the distributable reserves of the company were approximately RMB 57.3 million, slightly down from RMB 57.6 million the previous year[86]. Business Strategy and Opportunities - The company remains optimistic about CNG consumption growth due to China's shift from coal to natural gas and other renewable energy sources[11]. - The company is actively considering and exploring various business opportunities to diversify revenue sources and enhance shareholder value[11]. - The company plans to utilize the net proceeds from its listing for various projects, including the construction of CNG refueling stations, with a total of RMB 29.15 million allocated for these purposes[50]. - The company plans to construct a CNG refueling station to expand its network, with expected completion by the end of 2025[53]. - The upgrade of the Jingzhou mother station's infrastructure to equip it with LNG refueling capabilities has been completed, allowing simultaneous sales of CNG and LNG[53]. - The company aims to expand its wholesale customer base through the upgraded Jingzhou mother station, enhancing its market presence in CNG and LNG[53]. - The board will continuously evaluate business objectives and may adjust plans based on changing market conditions[56]. - The company expects no changes to the main plans regarding the use of proceeds as of the report date[57]. Management and Governance - Liu Yongqiang and Liu Yongsheng are responsible for corporate strategy and overall operations, with Liu Yongqiang having 16 years of experience in the natural gas industry and Liu Yongsheng over 25 years[63][64]. - Zhao Yonghe has over 26 years of experience in finance and accounting, overseeing the group's financial and accounting operations[71]. - The company has a strong management team with diverse backgrounds in finance, operations, and legal affairs, enhancing its governance and strategic direction[65][66][67]. - The group has been expanding its operational management capabilities, with Li Shaohua promoted to Operations Manager in 2019, focusing on production and administrative management[69][70]. - The board is committed to presenting audited financial statements and annual reports, ensuring transparency and accountability in financial reporting[73]. - The company has adopted the corporate governance code as a benchmark for its governance practices[136]. - The board consists of six members, including three executive directors and three independent non-executive directors[141]. - The company has established a mechanism for checks and balances involving the board and independent non-executive directors[144]. - The board of directors is collectively responsible for overseeing the company's affairs and ensuring effective internal controls and risk management systems[148]. - The audit and risk management committee held three meetings during the year to review interim and annual financial performance and discuss significant financial reporting matters[164]. - The remuneration committee conducted one meeting during the year to review the remuneration policies and structures for directors and senior management[168]. - The company ensures that at least one independent non-executive director possesses appropriate professional qualifications or relevant financial management expertise[153]. - All directors received formal and comprehensive induction training upon their first appointment to understand the company's business and operations[158]. - The company encourages all directors to participate in relevant training courses, with costs covered by the company[160]. - The independent non-executive directors do not receive performance-related equity remuneration to maintain their objectivity and independence[155]. - The nomination committee strictly adheres to the nomination policy and evaluates the independence of independent non-executive directors annually[154]. - The company has established three committees: audit and risk management, remuneration, and nomination, to oversee specific aspects of the company's affairs[162]. Risk Management and Compliance - The company has established a risk management and internal control system aimed at managing risks associated with achieving business objectives[182]. - The audit and risk management committee assists the board in overseeing the implementation and monitoring of risk management and internal control systems[184]. - The company has engaged an external professional firm to conduct internal audit functions, as it currently does not have an internal audit function due to the scale and complexity of its operations[188]. - The external auditor received a fee of HKD 880,000 for audit services during the year, with no non-audit services provided[194]. - The board has confirmed the effectiveness of the risk management and internal control systems for the year, with no significant internal control deficiencies found[188]. - The company has implemented strict controls to prevent unauthorized access and use of insider information[189]. - The company has established a disclosure policy to manage confidential information and respond to market inquiries[189]. - The company ensures compliance with relevant laws and regulations to safeguard its assets and maintain reliable financial records[188]. Shareholder Information - The board does not recommend a final dividend for the year, consistent with the previous year[80]. - Sales from the top five customers accounted for 23.7% of total sales, with the largest customer contributing 5.3%[87]. - Purchases from the top five natural gas suppliers represented 82.4% of total purchases, with the largest supplier accounting for 43.0%[87]. - The company has a policy in place to ensure that all significant independent matters are presented for independent resolutions at the shareholders' meetings[198]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting, which must be held within two months of the request[199]. - All resolutions presented at the shareholders' meetings will be voted on, with results published on the company's and the stock exchange's websites[198].

Financial Performance - The company recorded revenue of RMB 963 million for the year ending December 31, 2024, an increase of approximately RMB 183 million or 23.5% compared to 2023[14] - The net loss for the year decreased by 57.5% to RMB 99 million from RMB 233 million in 2023[14] - The company's total revenue increased by approximately RMB 18.3 million or 23.5% to about RMB 96.3 million for the year ending December 31, 2024, compared to approximately RMB 78.0 million for the previous year[20] - Retail business revenue decreased by approximately RMB 4.5 million or 26.5% to about RMB 12.5 million, accounting for 13.0% of total revenue, primarily due to the shift towards electric vehicles[23] - Wholesale business revenue decreased by approximately RMB 4.1 million or 11.1% to about RMB 32.7 million, representing 33.9% of total revenue, attributed to reduced CNG sales[23] - LNG sales revenue surged by approximately RMB 27.2 million or 112.9% to about RMB 51.3 million, making up 53.3% of total revenue, driven by increased local community demand[24] Impairment and Losses - The company recognized an impairment loss of RMB 155 million, primarily related to properties, plant, and equipment, as well as four serviced apartment units in Malaysia[14] - The company recognized impairment losses of approximately RMB 1.1 million on property, plant, and equipment[29] - The company recorded a non-current asset impairment loss of approximately RMB 14.3 million related to property prepayments in Malaysia[30] - The company reported a loss attributable to owners of approximately RMB 9.7 million for the year, a decrease of RMB 13.3 million or 57.8% compared to the previous year's loss of RMB 23.0 million[38] Expenses and Costs - The company's cost of sales rose by approximately RMB 17.7 million or 25.1% to about RMB 88.2 million, mainly due to increased LNG sales leading to higher inventory costs[25] - Gross profit increased by approximately RMB 0.6 million to about RMB 8.1 million, with a gross margin decrease from 9.6% to 8.4% due to high procurement costs[26] - Administrative expenses increased by approximately RMB 2.9 million or 23.0% to RMB 15.5 million, primarily due to legal and professional fees related to the Malaysian property and increased employee costs from hiring senior management[33] Cash and Equity - The company's total equity as of December 31, 2024, was approximately RMB 53.3 million, down from RMB 59.3 million as of December 31, 2023[40] - Cash and cash equivalents as of December 31, 2024, were approximately RMB 29.4 million, compared to RMB 28.4 million as of December 31, 2023[40] - As of December 31, 2024, the company has distributable reserves of approximately RMB 573 million, slightly down from RMB 576 million the previous year[90] Business Strategy and Future Plans - The company is optimistic about the growth of natural gas consumption in China, supported by government policies promoting clean energy and pollution control[39] - The company will continue to explore new business opportunities to diversify its revenue sources and enhance shareholder value[39] - The company plans to construct a CNG refueling station and a comprehensive CNG/LNG refueling station, with expected completion by the end of 2025[57] - The company will continuously evaluate its business objectives and may adjust plans based on changing market conditions[60] Shareholder Information - The total number of issued shares is 183,195,000[101] - Mr. Liu Yongcheng holds 76,125,000 shares, representing approximately 42.46% of the issued shares[101] - Mr. Liu Yongqiang also holds 76,125,000 shares, representing approximately 42.46% of the issued shares[101] - The beneficial ownership of Yongsheng Industrial Limited is 19,392,500 shares, approximately 10.59% of the issued shares[105] - The beneficial ownership of Hongsheng Industrial Limited is 56,732,500 shares, approximately 30.97% of the issued shares[105] Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[145] - The company has established three committees: audit and risk management, remuneration, and nomination, to oversee specific aspects of the company's affairs[166] - The audit and risk management committee reviewed the consolidated financial statements, confirming compliance with applicable reporting standards[132] - The company has complied with the GEM Listing Rules regarding the appointment of independent non-executive directors, maintaining the required number and qualifications[149] Risk Management - The company has established a risk management and internal control system to manage risks associated with achieving its business objectives[186] - The audit and risk management committee assists the board in overseeing the implementation and monitoring of risk management and internal control systems[188] - The board confirmed the effectiveness of the risk management and internal control systems for the year[192] - The company has engaged an external professional firm to conduct an annual review of its risk management and internal control systems[192] Employee Information - As of December 31, 2024, the group had 69 employees, with employee costs amounting to approximately RMB 7.5 million, an increase from RMB 5.0 million as of December 31, 2023[49] - The gender ratio among all employees as of December 31, 2024, is approximately 41% male to 59% female, indicating a commitment to gender diversity in hiring practices[179] Share Options and Incentives - The stock option plan allows the company to grant options to directors and employees as an incentive for their contributions[110] - A total of 25,816,009 share options have been granted under the plan, which represents approximately 14.09% of the issued shares as of the report date[119] - The share options can be exercised within a period of five years from the grant date, with a vesting schedule of 30% immediately, 30% after one year, and 40% after two years[121]

TL NATURAL GAS HOLDINGS LIMITED (於開曼群島註冊成立的有限公司) 股份代號:8536 2024 中期報告 01 香港聯合交易所有限公司（「聯交所」）GEM之特色 聯交所GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於聯交所GEM上市公司普遍為中小型公司，在聯交所GEM買賣的證券可能會較於聯交所主板買 賣之證券承受較大的市場波動風險，同時無法保證在聯交所GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不會對因本報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。 本報告的資料乃遵照聯交所GEM證券上市規則（「聯交所GEM上市規則」）而刊載，旨在提供有關TL Natural Gas Holdings Limited（「本公司」，連同其附屬公司稱為「本集團」或「我們」）的資料；本公司 董事（「董事」）願就本報告的資料共 ...

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。 TL Natural Gas Holdings Limited （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8536） 截至二零二四年六月三十日止六個月之 中期業績公告 TL Natural Gas Holdings Limited（「本公司」，連 同 其 附 屬 公 司 為「本集團」）董 事（「董 事」）會（「董事會」）欣然宣佈本集團截至二零二四年六月三十日止六個月之中期 未 經 審 核 綜 合 業 績。本 公 告 載 有 本 公 司 二 零 二 四 年 中 期 報 告（「二零二四年中 期報告」）全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司GEM證券上市規則（「GEM上市規 則」）有 關 中 期 業 績 初 步 公 告 隨 附 資 料 之 相 關 規 定。二 零 二 四 年 中 期 報 告 的 印 ...