BINHAI INV (02886) announced that on December 24, 2025, its wholly-owned subsidiary, Binhai Investment (Tianjin), entered into a capital increase agreement with Sinopec Natural Gas to proportionally raise the registered capital of Sinopec LNG. Under the agreement, Sinopec Natural Gas will contribute RMB216 million, while Binhai Investment (Tianjin) will inject RMB4.4 million in cash into Sinopec LNG's registered capital.

The additional capital will fund Sinopec LNG's construction projects to expand its liquefied natural gas (LNG) business. Currently, Binhai Investment (Tianjin) and Sinopec Natural Gas hold 2% and 98% stakes in Sinopec LNG, respectively. Post-capital increase, their ownership ratios will remain unchanged.

The capital injection aims to finance Sinopec LNG's construction initiatives, particularly its Phase III project. This project consists of multiple stages: - **Phase One**: Involves LNG storage, including five new LNG storage tanks (approximately 270,000 cubic meters in total), loading facilities, and supporting infrastructure. - **Phase Two**: Focuses on a heat exchange station, adding a 390-ton/hour heat exchange unit and auxiliary facilities to supply the Tianjin Nangang Ethylene Project. It also includes a light hydrocarbon recovery system, featuring a new separation unit capable of processing 2 million tons of light hydrocarbons annually. The remaining funds will secure land use rights for the project.

Upon completion of Phase III, combined with Phases I and II, Sinopec LNG's terminal will achieve an annual throughput capacity of approximately 11.65 million tons.

Binhai Investment (Tianjin)'s participation ensures its equity stake remains undiluted while supporting Sinopec LNG's expansion. Currently, Sinopec LNG boasts a gas storage capacity of 1.088 billion cubic meters, with Binhai Investment (Tianjin) holding 21.76 million cubic meters for peak-shaving. The Phase III project will further enhance Binhai’s storage and peak-shaving capabilities.