China Gas Holdings Limited (China Gas) has tightened the performance conditions for its forthcoming 2026 Share Award Scheme, according to a supplemental announcement released on 10 May 2026.

The Board approved two key revisions to the “Directors Conditional Grants” vesting requirements:

1. Annual growth hurdle: The year-on-year performance target has been increased from “not less than 12%” to “not less than 15%.” 2. Cumulative growth hurdle: The ultimate performance threshold has been raised from “not less than 76% cumulatively” to “not less than 101.14% cumulatively.”

Management stated that the higher benchmarks underline confidence in the Group’s growth trajectory and its commitment to maximizing shareholder value.

The Board of China Gas currently comprises seven executive directors—including Chairman and President Liu Ming Hui—three non-executive directors, and five independent non-executive directors.

The revised targets will apply to all grantees under the Directors Conditional Grants once the 2026 Share Award Scheme is formally adopted.