Core Viewpoint - Anhui Natural Gas Development Co., Ltd. (referred to as "the Company") has decided to waive its right of first refusal for a 50% stake in the joint venture company Sinopec Wan Energy Natural Gas Co., Ltd. (referred to as "Sinopec Wan Energy") which is being offered for public transfer by Sinopec Natural Gas Co., Ltd. [1][2] Summary of Key Points 1. Waiver of Right of First Refusal - The Company has received a notice from Sinopec Natural Gas regarding the intention to transfer its 50% stake in Sinopec Wan Energy through a public listing, and the Company has chosen to waive its right to purchase this stake [1][2] - The estimated valuation of Sinopec Wan Energy is approximately 755.59 million yuan, and the transfer price for the 50% stake will not be lower than this valuation [1][3] 2. Transaction Details - This transaction does not constitute a major asset restructuring as defined by the relevant regulations, and it does not require approval from the shareholders' meeting [2][4] - The transferor, Sinopec Natural Gas, is a wholly-owned subsidiary of China Petroleum & Chemical Corporation, with a registered capital of 500 million yuan [2][3] 3. Company and Financial Information - Sinopec Wan Energy has a registered capital of 1 billion yuan, with total assets of approximately 2.61 billion yuan and total liabilities of about 1.91 billion yuan as of June 30, 2025 [3][4] - The Company holds a 50% stake in Sinopec Wan Energy, which has reported no revenue and a net loss of 82,000 yuan as of June 30, 2025 [3][4] 4. Impact of Waiving the Right - The decision to waive the right of first refusal is aimed at facilitating the introduction of other strategic investors to promote the business development of Sinopec Wan Energy [3][4] - This waiver will not change the Company's consolidated financial reporting scope or its ownership percentage in Sinopec Wan Energy, and it is not expected to adversely affect the Company's financial or operational status [4]
皖天然气: 关于放弃合资公司50%股权优先购买权的公告