Core Viewpoint - The signing of the franchise agreement by Guizhou Gas Group Co., Ltd. and the Xishui Comprehensive Law Enforcement Bureau will expand the operational area and scale of the subsidiary, Xishui Gas Co., Ltd., enhancing the company's business development and aligning with its strategic goals [1][32]. Summary by Sections 1. Overview of the Franchise Rights - The franchise agreement was signed on August 8, 2025, covering six towns in the southern part of Xishui County, with a validity period of 30 years, from August 8, 2025, to August 7, 2055 [1][3]. - The agreement allows for exclusive investment, construction, operation, maintenance, and renovation of natural gas facilities, supplying gas to users via pipelines [1][5]. 2. Key Contents of the Franchise Agreement - Franchise Rights Grant and Cancellation: The signing of the agreement is considered the authorization date for the franchise rights [2]. - Performance Guarantee and Franchise Fee: A performance guarantee of 10 million yuan is required during the construction phase, and 5 million yuan during the operation phase, with a one-time franchise fee of 2,450,000 yuan to be paid to the government [2][3]. - Geographical Scope: The franchise rights are limited to the administrative areas of the six specified towns [4]. - Business Scope: The agreement specifies the exclusive rights to invest, construct, and operate gas facilities, and to provide emergency repair services [5]. - Transfer and Pledge Restrictions: The franchise rights cannot be transferred, leased, or pledged to third parties during the franchise period [6]. - Termination Conditions: The agreement outlines conditions under which the franchise rights may be revoked, including failure to comply with operational standards [7][8]. 3. Impact on the Company - The signing of the franchise agreement is expected to enhance the operational scale and area of Xishui Gas Co., Ltd., which is beneficial for the company's business growth and aligns with its development strategy [32].
贵州燃气集团股份有限公司关于子公司签订管道燃气特许经营协议的公告