BEIJING ENT (00392) announced that on November 12, 2025, its wholly-owned subsidiary Beijing Gas, as the buyer, entered into an equity acquisition agreement with Beiran Industrial, a wholly-owned subsidiary of its ultimate controlling shareholder Beijing Enterprises Group. Beijing Gas agreed to acquire 100% equity in Beijing Beiran Special Equipment Inspection Co., Ltd. from Beiran Industrial for a total consideration of RMB54.6 million.

The payment will be made in a lump sum in cash within 15 working days after the completion of the ownership transfer, using Beijing Gas' internal funds. This acquisition aligns with Beijing Gas' strategic development goal of "ensuring high-standard safety operations of gas pipelines and securing the safe operation of urban gas business." It will enhance the safety management and operational efficiency of Beijing's gas pipeline network while creating internal synergies.

With the increasing service years of natural gas pipelines, demand for inspection services continues to grow. Obtaining special equipment inspection qualifications will expand Beijing Gas' natural gas industry chain layout, which holds significant importance for the company's long-term stable development.

Post-acquisition, Beijing Gas will leverage its industry position and resources to help the target company expand its market presence. Drawing on its extensive corporate management experience, Beijing Gas will establish an effective profit model to positively guide the target company's operations toward a standardized corporate structure. This move will also alleviate operational burdens during the transition period for system-affiliated enterprises undergoing restructuring and optimize resource allocation within the target company's system.