（於開曼群島註冊成立之有限公司） （股份代號：8007） 自願公告 有關可能收購事項的諒解備忘錄 本公告乃環球戰略集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 旨在向本公司股東（「股東」）及潛在投資者提供本集團最新業務進展的資料。 諒解備忘錄 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二六年一月十二日（交易時段後）， 本公司與江西洽田清潔能源有限公司（「潛在賣方」）訂立一份不具法律約束力的諒解備 忘錄（「諒解備忘錄」）。根據諒解備忘錄，本集團有意收購及潛在賣方有意出售宜昌市巨 人加油站有限公司（「目標公司」）不少於51%的股權（「可能收購事項」）。倘可能收購事 項得以落實，其可能會構成香港聯合交易所有限公司GEM證券上市規則（「GEM上市規 則」）所指本公司的須予公佈的交易。 1 諒解備忘錄的主要條款 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，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分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 環 ...

Core Viewpoint - The London stock market showed a slight increase on January 2, with the FTSE 100 index closing at 9951.14 points, up by 19.76 points or 0.20% from the previous trading day [1]. Group 1: Stock Performance - The top five gainers in the London stock market included Rolls-Royce Holdings, which rose by 4.09%, Burberry Group, which increased by 3.74%, Metherell Energy and Metals, up by 3.73%, Melrose Industries, which gained 3.67%, and Centrica, a gas supplier, which rose by 2.83% [1]. - The stocks that experienced the largest declines included Frontera Resources, which fell by 5.73%, Coca-Cola European Partners, down by 4.09%, Sage Group, which decreased by 3.05%, Pearson Group, down by 2.90%, and Games Workshop Group, which fell by 2.54% [1]. Group 2: European Market Indices - The CAC40 index in Paris closed at 8195.21 points, up by 45.71 points or 0.56% from the previous trading day [1]. - The DAX index in Frankfurt closed at 24539.34 points, increasing by 48.93 points or 0.20% from the previous trading day [1].

Group 1 - The core viewpoint of the article is that Sichuan Meifeng (SZ 000731) held its first board meeting for 2025 on December 26, 2025, where it reviewed the proposal for expected related party transactions for 2026 [1] - For the first half of 2025, Sichuan Meifeng's revenue composition was as follows: chemical fertilizer manufacturing accounted for 51.24%, natural gas supply 22.13%, other industries 19.91%, and real estate development 6.72% [1] - As of the time of reporting, Sichuan Meifeng's market capitalization was 3.6 billion yuan [1]

Group 1 - Iran's gas supply interruption has resulted in a loss of approximately 4,500 megawatts in Iraq's power generation capacity [1][2] - Iraq's total power generation is currently around 17,000 megawatts, significantly impacted by the cessation of Iranian gas supply [1] - The reasons for the gas supply disruption include technical issues and increased domestic energy demand in Iran due to cold winter weather [1][2] Group 2 - The gas supply halt has affected both Baghdad and central regions of Iraq, with limitations also imposed on the southern regions [3]

Core Viewpoint - Iran has announced a complete halt to natural gas supplies to Iraq due to "unforeseen circumstances," impacting Iraq's energy supply and necessitating alternative measures for power generation [1] Group 1: Iran's Gas Supply - Iran's Ministry of Power has officially notified Iraq's Ministry of Electricity about the cessation of natural gas supplies [1] - The halt is attributed to "unforeseen circumstances," although no further details have been provided by Iranian officials [1] Group 2: Iraq's Response - Iraq's Ministry of Electricity is coordinating with the Ministry of Oil to utilize locally produced alternative fuels to maintain power generation levels [1] - The aim is to keep electricity generation within controllable limits despite the disruption in gas supply from Iran [1]

Core Viewpoint - The Jiangsu Provincial Development and Reform Commission has proposed a mechanism for the price linkage of natural gas in Zhenjiang, which has raised concerns among residents about potential price increases [1] Group 1: Price Mechanism - The proposed mechanism states that the terminal sales price will be linked to the procurement price of gas companies, which includes transportation costs [1] - The procurement price will be determined based on the weighted average price of all gas sources purchased by gas companies [1] - In cases where market gas sources significantly impact non-residential terminal sales prices, a price difference model may be applied, with the difference not exceeding the local distribution price [1] Group 2: Residential Gas Pricing - The terminal sales price will adjust according to changes in procurement prices, prioritizing lower-priced sources for residential gas supply [1] - The first-tier price for residential gas can be increased by no more than 0.50 yuan at a time, while there is no limit on the reduction [1] - If natural gas market prices rise significantly, potentially harming residents' daily lives and economic stability, the linkage may be temporarily suspended [1] Group 3: Public Response - The announcement has led to public concern regarding potential natural gas price hikes in Zhenjiang [1] - In response to these concerns, the Zhenjiang Development and Reform Commission clarified that the linkage does not imply a price increase and that natural gas prices will not rise [1]

Core Insights - The breakthrough at the ZI201 well in Sichuan marks China's first successful extraction of high-yield commercial gas flow from Cambrian shale, indicating significant advancements in deep shale gas exploration [1][2] - China National Petroleum Corporation (CNPC) is enhancing its traditional oil and gas reserves while actively investing in renewable energy, aiming for sustainable growth through innovative technologies [1][3] Natural Gas Production Growth - Following the success of the ZI201 well, CNPC is accelerating exploration and evaluation in the area, with the establishment of the ZI201H2 platform for pilot testing development techniques [2] - The pilot tests achieved four significant milestones, including reducing drilling cycles to under 100 days and implementing advanced monitoring systems in deep shale gas wells [2] Industry Development and Trends - Sichuan Basin is recognized as China's most promising area for natural gas exploration, with the highest total resource volume, particularly in shale gas [3] - Natural gas is expected to play a crucial role in China's energy transition, with medium to long-term consumption projected to grow at a moderate to high rate, enhancing CNPC's profitability in this sector [3] Enhancing Industry Resilience - The Xiangguosi gas storage facility in Chongqing is part of a strategy to create a "Southwest 10 billion gas storage center," contributing significantly to national gas supply stability [4] - The facility has achieved a 15% actual peak shaving task against its design capacity, showcasing its operational efficiency and technological advantages [4] Digital Transformation and Efficiency - The gas storage facility has implemented digital operations, reducing inspection cycles by 60% and increasing efficiency by 200% through the use of automated systems and intelligent robots [5] - CNPC's Suining gas purification plant has become the largest in China, achieving rapid production milestones and adopting a smart management model for enhanced operational efficiency [5] Transition to Comprehensive Energy Stations - CNPC is transforming traditional gas stations into comprehensive energy stations, integrating various services such as refueling, charging, and retail [6] - The Yongquan comprehensive energy station in Chengdu exemplifies this transition, featuring advanced charging infrastructure and a diverse range of services [6][7] Future Outlook - CNPC aims to maintain its core oil and gas business while innovating in comprehensive energy services, focusing on long-term growth and value creation for shareholders [7]

Group 1 - Ukraine signed a natural gas supply agreement with Greece to help during the winter heating season [1] - France will deliver a new batch of military aid to Ukraine by the end of this year and provide 100 Rafale F4 fighter jets by 2035 [1] - Spain will provide Ukraine with €515 million in aid, covering air defense missile procurement and energy support, and is preparing to assist with defense equipment including the IRIS-T air defense missile system [1]

Market Overview - On November 14, the A-share market saw a total of 90 stocks hit the daily limit, with 71 stocks hitting the limit after excluding 19 ST stocks, resulting in an overall limit-up rate of 70.31% [1] Top Gainers - The stock with the highest limit-up order volume was Huaxia Happiness, with 1,544,600 hands; followed by Yongtai Energy, Victory Shares, and Furui Shares, with limit-up order volumes of 1,020,500 hands, 776,000 hands, and 646,000 hands respectively [2] - In terms of consecutive limit-up days, Furui Shares and *ST Lvkang achieved 7 consecutive limit-ups, while Sanmu Group had 6 consecutive limit-ups [2] Fund Inflows - 24 stocks had limit-up order funds exceeding 100 million yuan, with Furui Shares, Pingtan Development, and Victory Shares leading with limit-up funds of 747 million yuan, 430 million yuan, and 430 million yuan respectively [2] Industry Highlights Lithium Battery Sector - Furui Shares, a leader in the electrolyte VC solvent concept, achieved 7 consecutive limit-ups. The company announced its investment in lithium battery electrolyte additive projects through its subsidiary, Furui New Energy, with an annual production capacity of 40,000 tons for chlorinated ethylene carbonate and 10,000 tons each for crude and refined vinyl carbonate [2] Pharmaceutical Sector - Several pharmaceutical stocks hit the limit-up, including People's Tongtai, Zhongsheng Pharmaceutical, and Jiaying Pharmaceutical. People's Tongtai is optimizing its operational strategy and enhancing collaboration with upstream suppliers to penetrate key products into medical institutions and retail terminals [3][4][5] Natural Gas Sector - Stocks such as Changchun Gas, Guo New Energy, and Shouhua Gas also saw limit-ups. Changchun Gas serves over 1.8 million users and expects a gas supply of 544 million cubic meters in 2024 [6] Other Notable Stocks - Stone Daxinghua's fluorobenzene products are used in lithium battery electrolyte additives, while Fengyuan Shares focuses on lithium-ion battery cathode materials and oxalic acid [8][9] Institutional Activity - Four stocks saw net purchases exceeding 100 million yuan, including Haechen Pharmaceutical, Dae Oriental, Yunmei Energy, and Huaxia Happiness, with corresponding amounts of 279 million yuan, 169 million yuan, 142 million yuan, and 124 million yuan [10]

Financial Data and Key Metrics Changes - The company has narrowed its 2025 earnings forecast, now expecting earnings per share to be between $4.34 and $4.40, with net income projected to range between $262 million and $266 million [4][7] - Third quarter net income was $26.5 million, or $0.44 per diluted share, compared to $19.3 million, or $0.34, in the same period last year, reflecting a year-over-year increase [7][8] - Revenues for the third quarter increased by approximately $19.2 million from new rates and $1.4 million from continued customer growth [7] Business Line Data and Key Metrics Changes - Operating and maintenance expenses increased approximately 4.9% year over year, primarily due to higher labor costs and the decision to execute certain activities earlier than planned [8] - The Austin System Reinforcement Project was completed in the third quarter, boosting available winter peak capacity by approximately 25% [5][12] Market Data and Key Metrics Changes - The company serves three states that produce over one-third of U.S. natural gas, with a strong commitment to economic growth and the use of natural gas for residential and commercial applications [4] - The company is actively pursuing growth opportunities in high-growth sectors such as data centers, advanced manufacturing, and utility-scale power generation [4][13] Company Strategy and Development Direction - The company is focused on leveraging growth opportunities while maintaining customer affordability, as demonstrated by the completion of the Austin System Reinforcement Project [5][12] - The company is working on significant utility-scale power generation projects approximating 1.5 gigawatts of capacity across its three states [13][14] - The company aims to provide fast, cost-effective service through existing infrastructure, minimizing capital needs while enhancing system reliability [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for the rest of the year, citing strong year-to-date performance and the impact of Texas House Bill 4384 [4] - The management noted that the recent Federal Reserve interest rate cuts could positively influence future earnings guidance [20][21] - The company remains committed to providing safe, reliable, and affordable natural gas to its 2.3 million customers [15] Other Important Information - The company plans to settle roughly $200 million of forward shares in December and defer approximately $25 million for year-end 2026 settlement [10] - The board declared a quarterly dividend of $0.67 per share, unchanged from the prior quarter [10] Q&A Session Summary Question: Long-term growth outlook considering legislation and Fed cuts - Management indicated that recent Fed cuts have been earlier than expected and that they anticipate additional cuts in the coming years, which could positively impact earnings guidance [20][21] Question: Clarification on tightening of 2025 guidance range - Management explained that the tightening was due to additional operating and maintenance costs incurred from executing certain activities earlier than planned [22][23] Question: Growth rate above 6% and structural outlook - Management confirmed that the growth rate is structural in nature and expects to be above the high end of the previously outlined range for the duration of the five-year period [32][33] Question: Large load activity and investment opportunities - Management noted that large load projects are being pursued across all three states, leveraging existing systems to respond quickly to customer needs [34][35] Question: Impact of bringing services in-house on O&M costs - Management acknowledged that while there are upfront costs associated with insourcing, the long-term benefits are expected to outweigh these initial investments [39][40] Question: Capital expenditure plans for 2026 - Management indicated an upward trajectory for capital expenditures in 2026, with potential for more punctuated steps up in spending [42][43] Question: Benefits of Texas legislation on capital planning - Management stated that while the Texas legislation provides more opportunities, it will not alter the fundamental approach to capital allocation [55][56] Question: Other opportunities beyond line locating and watch and protect - Management confirmed that they are exploring additional opportunities to bring more services in-house, enhancing capabilities and efficiency [60][61]