On 28 August 2026, Beijing Gas Blue Sky Holdings Limited (BG Blue Sky) accepted a facility letter from an unnamed bank for a revolving credit facility of up to RMB0.40 billion. Each drawdown under the facility carries a tenor of up to twelve months, with the lender retaining discretion to review and terminate the arrangement periodically.
Key undertakings: 1. Controlling shareholder Beijing Gas Group Co., Ltd. must keep direct or indirect ownership of more than 50% of BG Blue Sky. 2. Beijing Enterprises Holdings Limited is required to maintain at least 75% control of Beijing Gas Group. 3. The State-owned Assets Supervision and Administration Commission of the People’s Government of Beijing Municipality must remain the single largest shareholder of both Beijing Enterprises Holdings and Beijing Gas Group.
A breach of any undertaking entitles the bank to cancel the facility and demand immediate repayment of all outstanding amounts. BG Blue Sky is obligated to notify the bank promptly of any change-of-control event and will continue to report the status of these covenants in its interim and annual reports in accordance with Hong Kong Listing Rule 13.21.