China Gas Holdings Limited 中國燃氣控股有限公司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號: 384) N O T I F I C AT I O N L E T T E R 通 知 信 函 Arrangement of Electronic Dissemination of Corporate Communications and Solicitation of Electronic Contact Details Pursuant to Rule 2.07 of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") under the expansion of paperless listing regime and electronic dissemination of corporate c ...

We hereby notify you that the English and Chinese versions of the Current Corporate Communications have been published and are now available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk (the "HKEX's website") and the website of the Company at www.chinagasholdings.com.hk (the "Company's website"). If you have any difficulty in receiving or accessing the Current Corporate Communications posted on the Company's website for any reason, please send your request (specifying your n ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$34,481,081, a decrease of 1.8% from HK$35,105,202 in the same period of 2024[16] - Gross profit for the same period was HK$5,505,527, down 6% from HK$5,855,695 year-on-year[16] - Profit for the period was HK$1,768,085, representing a decline of 21.9% compared to HK$2,263,915 in the previous year[16] - Total comprehensive income for the period was HK$2,766,547, down 28.7% from HK$3,879,660 in the prior year[16] - Other income decreased to HK$401,381 from HK$646,889, reflecting a decline of 38%[16] - Profit for the period attributable to owners of the Company decreased to HK$1,334,217, a decline of 24.2% compared to HK$1,760,747 in the same period last year[17] - Total comprehensive income attributable to owners of the Company was HK$2,162,953, down 32.2% from HK$3,194,275 year-over-year[17] - Basic and diluted earnings per share decreased to HK$24.73, down 24.2% from HK$32.71 in the previous year[17] Cash Flow and Liquidity - For the six months ended September 30, 2025, net cash from operating activities was HK$3,127,333, a decrease of 15.1% compared to HK$3,683,318 for the same period in 2024[23] - Net cash used in investing activities improved to HK$522,370 from HK$1,461,225, indicating a reduction of 64.3%[23] - The net cash from financing activities was HK$1,036,961, a significant recovery from a net cash used of HK$1,707,196 in the previous year[23] - The total cash and cash equivalents at September 30, 2025, increased to HK$12,707,137, up 38.5% from HK$9,188,743 at the same date in 2024[23] - Current liabilities decreased slightly to HK$46,559,151 from HK$46,902,284, indicating improved liquidity management[20] - The company reported a net current assets position of HK$1,646,508, a significant improvement from a net liability of HK$2,354,784[20] Assets and Liabilities - Non-current assets increased to HK$104,031,353, up from HK$103,673,070 as of March 31, 2025[19] - Total equity increased to HK$63,421,331, up from HK$60,726,705, reflecting a growth of 4.5%[20] - The Group's total liabilities increased to HK$16,106,015,000 as of September 30, 2025, from HK$16,746,886,000[76] - The Group's total trade and other receivables amounted to HK$16,384,764,000 as of September 30, 2025, an increase from HK$15,562,499,000 as of March 31, 2025[68] - Trade receivables from contracts with customers were HK$6,850,639,000, with a net amount of HK$5,814,442,000 after deducting an allowance for credit losses of HK$1,036,197,000[68] Revenue Breakdown - Revenue from the sale of natural gas reached HK$20,381,866, an increase of 3.8% from HK$19,641,836 in 2024[33] - Engineering design, construction, and installation revenue was HK$3,161,112, a decrease of 5.2% from HK$3,335,525 in the previous year[33] - Sales of liquefied petroleum gas (LPG) decreased to HK$8,382,600, down 12.3% from HK$9,557,976 in 2024[33] - Total revenue for the six months ended September 30, 2025, was HK$34,481,081, a decline of 1.8% compared to HK$35,105,202 in 2024[33] Operational Highlights - The Group reorganized its internal reporting structure, combining the gas connection segment with the engineering design and construction segment for better resource allocation[39] - The Group connected 676,347 new residential users during the period, a decrease of 25.2% year-on-year, while cumulative connections reached 49,128,135, up by 2.4%[116] - The Group has cumulatively built 564,972 km of gas pipelines as of September 30, 2025[115] - The Group secured 662 piped gas projects across 30 provinces, with no new city piped gas projects added during the period[114] Strategic Initiatives - The Group is focused on improving the natural gas pricing mechanism to alleviate cost pressures in the gas industry[100] - The Group is advancing organizational reforms and integrating AI into business scenarios to enhance operational efficiency[108] - The Group aims to enhance its value-added services by adapting operations strategies to align with consumption trends, thereby increasing market share[194] - The Group plans to explore new business areas such as user-side energy storage and biomass, contributing to performance growth[191] Market and Economic Context - China's GDP grew by 5.2% year-on-year in the first three quarters, indicating a stable economic recovery[100] - China's apparent natural gas consumption decreased by 0.2% year-on-year to 317.75 billion m³ from January to September 2025[103] - The Chinese government is expected to implement more robust economic stimulus policies to stabilize the economy, which will benefit the Group's operations[190] Dividend and Shareholder Returns - The proposed interim dividend was set at HK15.0 cents per share[107] - The Group declared an interim dividend of HK15.0 cents per share for the six months ended 30 September 2025, consistent with the previous year[200]

中国燃气(00384)发布公告，于2025年12月8日，北燃新加坡与China Gas International(公司的间接全资附 属公司)订立主协议，为订约方买卖液化天然气提供框架。于2025年12月10日，China Gas International与 北燃新加坡订立确认备忘录，据此，China Gas International同意购买而北燃新加坡同意出售340万 MMBtu的液化天然气，总代价为3888.58万美元。 ...

格隆汇12月16日丨中国燃气(00384.HK)公告，于2025年12月8日，北燃新加坡与公司的间接全资附属公 司China Gas International订立主协议，为订约方买卖液化天然气提供框架。于2025年12月10日，China Gas International与北燃新加坡订立确认备忘录，据此，China Gas International同意购买而北燃新加坡同 意出售340万MMBtu的液化天然气，总代价为38,885,800美元。 China Gas International与北燃新加坡订立该协议及其项下拟进行交易，标志着集团拓展其国际贸易业务 的里程碑。北燃新加坡为北京控股的海外贸易平台，在国际贸易及三方贸易安排方面具备丰富经验，该 交易属三方国际贸易架构下进行的试点交易，可作为集团日后与其他国际交易对手进行类似交易的参 考。董事(包括独立非执行董事)认为，该交易将使集团能够扩展其国际液化天然气贸易活动、加强其在 国际市场的执行能力，以及增加其整体市场导向国际贸易量，且知悉该交易大致上符合市场惯例。 北燃新加坡为一间于新加坡注册成立的有限公司，主要从事固态、液态及气态燃料及相关产品的批发 ...

智通财经APP讯，中国燃气(00384)发布公告，于2025年12月8日，北燃新加坡与China Gas International(公司的间接全资附属公司)订立主协议，为订约方买卖液化天然气提供框架。于2025年12月 10日，China Gas International与北燃新加坡订立确认备忘录，据此，China Gas International同意购买而 北燃新加坡同意出售340万 MMBtu的液化天然气，总代价为3888.58万美元。 ...

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 就 因 本 公 告 全 部 或 任 何 部 份 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。 董 事 會 謹 此 宣 佈，於 二 零 二 五 年 十 二 月 八 日，北 燃 新 加 坡 與China Gas International訂 立 主 協 議，為 訂 約 方 買 賣 液 化 天 然 氣 提 供 框 架。於 二 零 二 五 年 十 二 月 十 日，China Gas International與 北 燃 新 加 坡 訂 立 確 認 備 忘 錄，據 此，China Gas International同意購買而北 燃新加坡同意出售3,400,000 MMBtu的 液 化 天 然 氣，總 代 價 為38,885,800美 元（相 當 於 303,309,240港 元）。 上市規則的涵義 於 本 公 告 日 期，北 ...

Core Insights - MAXHUB's "Smart Conference. Navigation 100 Plan" aims to empower digital transformation in critical infrastructure, particularly in the energy sector, focusing on public safety in gas management [1] - The collaboration between China Gas Holdings and MAXHUB exemplifies the effective use of digital collaborative technology to enhance safety and efficiency in energy management [2] Group 1: Digital Transformation in Energy Sector - The "Smart Conference. Navigation 100 Plan" highlights the importance of converting vast amounts of dispersed data into real-time insights and responsive command capabilities [1] - The traditional management model in energy companies faces challenges such as data dispersion, delayed warnings, and slow cross-regional collaboration [1] - The "Data Dashboard" project by China Gas is a prime example of how MAXHUB's collaborative technology strengthens urban safety [1] Group 2: Enhanced Decision-Making and Response - MAXHUB's meeting tablet serves as a "data dashboard," integrating with the enterprise big data platform to provide clear visibility of key indicators like pipeline operation status and regional safety inspection volumes [2] - The system allows for immediate action when potential risks are detected, enabling management to mark, annotate, and assign tasks directly from the MAXHUB screen, achieving a rapid response time [2] - The partnership between MAXHUB and China Gas demonstrates the significant value of digital collaborative technology in critical industries, contributing to safety and operational efficiency [2]

Core Viewpoint - The collaboration between China Gas Holdings Limited and Luanchuan Xinshi Boyuan Mining Co., Ltd. on a 15MW/30MWh commercial energy storage project is a significant step towards optimizing energy structure and achieving low-carbon production in the mineral processing industry [1][2] Group 1: Project Overview - The energy storage project is designed to address the high energy consumption characteristics of multi-metal mining, aiming to create an efficient and green energy system for Luanchuan Xinshi Boyuan [1] - The project includes 6 DC cabins and 4 power conversion systems, tailored to meet the electricity load characteristics of the mining production line [1] Group 2: Technical Specifications - The project utilizes a fully liquid-cooled lithium iron phosphate system with a charge and discharge efficiency exceeding 87% [2] - The liquid cooling temperature control technology maintains battery temperature within ±3℃, ensuring stable output in the complex environment of the mining workshop [2] - The system features a "black start" capability, allowing it to supply power to mining equipment during grid failures, preventing resource waste and production stoppages [2] Group 3: Economic and Environmental Impact - Once operational, the energy storage project will significantly reduce electricity costs for mining production through peak shaving and valley filling, while enhancing the efficiency of electricity resource utilization [2] - The project aims to reduce carbon emissions from fossil energy consumption, helping the company establish a green production image in the multi-metal mining sector [2] Group 4: Future Outlook - China Gas Holdings Limited views the project as an important layout in the mineral processing field and plans to continue exploring energy transition needs in the resource processing industry [2]

Core Viewpoint - China Gas reported a slight decline in revenue and a significant drop in net profit for the first half of the 2025/26 fiscal year, indicating challenges in the current economic environment and its impact on gas sales [1] Revenue and Profit - The company achieved a revenue of HKD 34.48 billion, a year-on-year decrease of 1.8% [1] - The net profit attributable to shareholders was HKD 1.334 billion, down 24.2% year-on-year [1] - The interim dividend per share remained unchanged at HKD 0.15 [1] Sales Volume and Segments - Total gas sales volume increased by 1.7%, with residential pricing adjustments continuing [1] - Revenue from natural gas sales was HKD 20.38 billion, up 3.8% year-on-year [1] - Revenue from engineering design and installation decreased by 5.2% to HKD 3.16 billion [1] - Revenue from liquefied petroleum gas sales fell by 12.3% to HKD 8.38 billion [1] - Value-added services revenue was HKD 2.02 billion, a slight increase of 0.3% [1] Pricing and Margins - As of September 2025, the cumulative residential gas pricing adjustment ratio reached approximately 74%, up from 68% in March [2] - Residential gas prices increased from HKD 2.56 per cubic meter in the 2021/22 fiscal year to HKD 2.87 per cubic meter in the 2025/26 fiscal year [2] - The average procurement price was HKD 2.63 per cubic meter, unchanged year-on-year, with an average gross margin of HKD 0.58 per cubic meter, a slight decrease of HKD 0.01 [2] Connection Projects and Value-Added Services - The company added approximately 676,300 new residential connections, a decrease of 25.2% year-on-year, with a full-year guidance of 1-1.2 million new connections [3] - Value-added services generated approximately HKD 1.015 billion in segment revenue, accounting for 30.0% of total revenue, with a year-on-year increase of 1.3% [3] Financing and Cash Flow - The company optimized its debt structure, reducing the proportion of foreign currency loans to 0.4%, and lowered the average financing cost from 3.84% to 3.39% [3] - Free cash flow reached HKD 2.6 billion, a year-on-year increase of approximately 17% [3] - The anticipated decrease in new connections is expected to slow capital expenditures, potentially improving free cash flow further [3]