ZHONGHUA GAS (08246) announced that on October 22, 2025, the company entered into a project technical consulting agreement with Shandong Longzhong Information Technology Co., Ltd. (Shandong Longzhong). Under this agreement, the company has commissioned Shandong Longzhong to conduct a feasibility study and market research for the development of a fuel oil and natural gas supply network in Laos. The key terms of the project technical consulting agreement are as follows: (i) Shandong Longzhong is required to assist the company with the review, revision, and negotiation of the feasibility study, and to negotiate and review the concession agreement with the Lao Ministry of Industry and Commerce, including the provision of technical documents and materials. (ii) The feasibility study report prepared by Shandong Longzhong must meet the requirements set by the Lao government authorities. Shandong Longzhong is to assist the company in ensuring that the feasibility study report is submitted to the relevant Lao government authorities in a timely manner for approval. (iii) All work and services provided by Shandong Longzhong under the project technical consulting agreement must take into account the local environmental conditions and make adjustments accordingly. It is anticipated that Shandong Longzhong will submit the feasibility study report to the company within two months following the signing of the project technical consulting agreement. The Group has been actively expanding its business scope and geographical coverage to achieve diversification and global expansion. The board believes that the strategic cooperation with the Lao Ministry of Industry and Commerce will enable the Group to enter the finished oil (gas) business in Laos, diversify its existing business portfolio, and expand its revenue base. According to the memorandum of understanding, the company is required to conduct a feasibility study. Given Shandong Longzhong’s background and expertise in the petrochemical industry, the board believes that signing the project technical consulting agreement will allow the Group to leverage Shandong Longzhong’s expertise in the global energy and petrochemical markets to conduct a comprehensive feasibility study for potential development projects in Laos' fuel oil and natural gas supply network.