Core Viewpoint - The company plans to issue an asset-backed special plan (similar to REITs) to improve its capital structure and operational efficiency, utilizing the Zhoushan LNG pipeline assets as the underlying assets [1][11]. Group 1: Issuance Plan Overview - The proposed issuance scale is up to RMB 4.5 billion, subject to regulatory approval [2]. - The product duration will not exceed 18 years [3]. - The issuance interest rate will be determined based on market conditions at the time of issuance [4]. - The issuance will be conducted at face value [5]. - The trading venue for the securities will be the Shanghai Stock Exchange [6]. Group 2: Fund Utilization - The raised funds will be used for repaying bank loans and supplementing working capital, in compliance with national laws and regulations [6]. Group 3: Transaction Structure - The special plan will be established once the total subscription amount meets or exceeds the target fundraising scale [7]. - Investors will sign a subscription agreement to entrust their funds to the plan manager, who will manage the special plan [8]. - The plan manager will reach a custody agreement with a custodian to safeguard the assets of the special plan [8]. - The company will provide liquidity support for the priority asset-backed securities and cover any necessary fees to maintain rights [8]. - Newao Tianjin will have priority purchase rights over the underlying assets and securities [8]. - The plan manager will sign operational management service agreements with Newao Pipeline for business operations and asset management [8]. - The plan manager will also sign agreements for equity transfer and loans with Newao Tianjin [8]. - The assets will be registered and traded on the Shanghai Stock Exchange's electronic platform [9]. Group 4: Board Meeting and Authorization - The board of directors approved the issuance plan on February 2, 2026, deeming it beneficial for the company's business development and capital structure [11]. - The management team is authorized to handle all matters related to the special plan, including necessary legal documents and adjustments based on market conditions [11]. Group 5: Impact of the Issuance - The issuance is expected to optimize the company's asset-liability structure, enhance asset turnover efficiency, and broaden financing channels, contributing to sustainable development [12]. - The operation of the Zhoushan LNG receiving station will remain unaffected by this issuance [12].

波黑媒体Biznis1月29日报道。波黑联邦能源、矿业和工业部长拉基奇表示，因俄罗斯天然气工业股份 公司(Gazprom)提高对波黑出口价格，当地天然气费用将相应上调3.99%。拉基奇指出，此次调价凸显了 推进"南部互联"天然气管道建设的必要性。他强调，过去3个计费周期内天然气价格曾多次下调，本次 涨幅低于此前累计降幅，预计新价格将从2026年2月起执行。(驻波黑使馆经商处) ...

证券日报网讯2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，液化天然气市场价格波 动将会对相关企业经营业绩产生一定影响，参股公司具体经营情况请关注后续公司将披露的定期报告相 关内容。 ...

证券日报网讯2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，天然气消费量增速放 缓，说明我国天然气市场正经历从高速增长向高质量发展转型的关键阶段，供需格局趋于稳定，市场结 构持续优化。从液化天然气国内产量，2025年呈现两位数增幅，表明我国对进口资源的依赖度有所下 降，自产气源成为保供的重要支撑。天然气消费增速放缓并非需求萎缩，而是市场在供应自主性提升、 消费结构优化和外部环境变化下的自然调整。从公司来看，未来公司将依据国家政策导向，持续优化业 务模式，深耕区域市场，扩大业务规模，开展产业研究和技术研发，主动拓展增值业务，推进公司全面 高质量发展。 ...

证券日报网讯2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，志丹LNG专线和杨凌 LNG支线均为公司已建成的管道。 ...

证券日报网讯2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，近年来，在延长石油集 团扩油增气的背景下，陕西省天然气保供形势和资源配置持续向好。2025年，预计公司天然气运销气量 仍保持稳步增长的态势，一定程度上抵消天然气管输费下调对公司的影响。 ...

证券日报网讯 2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，2025年第三季度公司 收入、利润下降主要是由于LNG市场行情低迷背景下子公司可中断用户的销售价格、销售气量减少， 以及管输费价格下调综合导致。公司始终专注深入拓展长输管网业务，积极推动管网的互联互通，致力 于提升客户服务水平，持续扩大业务规模，目前受延长石油天然气产能释放影响，输气量呈现逐年递增 态势。 ...

证券日报网讯2月2日，陕天然气（002267）在互动平台回答投资者提问时表示，公司将持续加大天然气 及相关产业链科技创新和技术研发力度，以国家政策导向为依据，持续优化业务模式，推进公司全面高 质量发展。 ...

Group 1 - The core point of the article is that Xin'ao Co., Ltd. plans to issue an asset-backed special plan not exceeding 4.5 billion yuan, using its subsidiary's LNG pipeline assets as the underlying assets [2] Group 2 - Xin'ao Co., Ltd.'s wholly-owned subsidiary, Xin'ao (Tianjin) Energy Investment Co., Ltd., is the entity applying for the issuance [2] - The assets involved in the issuance are held by Xin'ao (Zhoushan) Natural Gas Pipeline Co., Ltd., which is a subsidiary of Xin'ao [2]

Group 1 - The company announced on February 2 that its wholly-owned subsidiary, Xin'ao Energy Investment Co., Ltd., plans to apply for the registration of an asset-backed special plan not exceeding 4.5 billion yuan, using the Zhoushan LNG pipeline asset project as the underlying asset [1]