ZHONGHUA GAS (08246) announced that on April 2, 2026, its directly wholly-owned subsidiary ZHG Investments, W3 Vision, and the joint venture Gasbit Limited entered into a capital increase agreement. Under this agreement, ZHG Investments and W3 Vision conditionally agreed to subscribe for 2.805 million and 2.695 million joint venture shares, respectively, with ZHG Investments paying USD 2.805 million and W3 Vision paying USD 2.695 million. The subscriptions were made in proportion to each shareholder's existing stake in the joint venture. As of the announcement date, the joint venture is 51% owned by ZHG Investments and 49% owned by W3 Vision. Upon completion, the ownership percentages of the parties in the joint venture will remain unchanged. The consideration for ZHG Investments will be satisfied by the company allotting and issuing 25 million consideration shares to ZHG Investments at an issue price of approximately HKD 0.88 per share. The consideration for W3 Vision will be satisfied in cash and/or by the transfer of injected assets from W3 Vision to the joint venture. The 25 million consideration shares represent approximately 4.22% of the company's issued share capital as of the announcement date and about 4.05% of the enlarged issued share capital after the issuance of the consideration shares, assuming no other changes to the total number of issued shares from the announcement date until the allotment and issuance. The joint venture is a limited company incorporated in the British Virgin Islands on January 16, 2026. The joint venture and its subsidiaries will engage in energy asset management, technological research and development, and international strategic positioning. Their business activities will cover the digital and intelligent management of energy assets, the application of blockchain and Web3 technologies, the scenario-based deployment of artificial intelligence (AI), and the development of cross-border energy technology platforms and supporting infrastructure. The joint venture will also build a proprietary technology platform to serve as a unified brand and implementation entity for promoting the integration of the group's related business and technologies.