ZHONGHUA GAS (08246) announced that on October 3, 2025 (after trading hours), the company (as issuer) entered into a subscription agreement with a subscriber, pursuant to which the subscriber has conditionally agreed to subscribe for and the company has conditionally agreed to allot and issue an aggregate of 334 million subscription shares at a subscription price of HK$0.075 per subscription share.

Assuming no change in the company's issued share capital from the date of this announcement to the completion date, the subscription shares represent (i) approximately 7.83% of the company's existing issued share capital as at the date of this announcement; and (ii) approximately 7.26% of the company's issued share capital as enlarged by the allotment and issue of the subscription shares.

The subscription price of HK$0.075 per subscription share represents a premium of approximately 1.35% over the closing price of HK$0.074 per share as quoted on the Stock Exchange on October 3, 2025 (being the date of the subscription agreement).

Assuming full subscription of the subscription shares, the gross proceeds from the subscription are expected to be HK$25.05 million, and the net proceeds from the subscription (after deducting all related expenses) are estimated to be approximately HK$24.75 million, representing a net price of approximately HK$0.074 per subscription share.

The company intends to use the net proceeds as general working capital of the group.