Huzhou Gas Co. Ltd. announced that on 13 October 2025, its wholly-owned subsidiary Xinao Development entered into a construction contract with Zhejiang Ruimei and Hongyao Construction. The contract concerns Bid Section 1 of the Huzhou Gas 2025 Urban Natural Gas Utilization Project Pipeline Installation and Crossing Project. The company stated that the terms of the transaction are fair and reasonable, conducted in the ordinary course of business, and in the interests of the company and its shareholders as a whole. The transaction falls under connected transaction requirements per Chapter 14A of the Listing Rules but is exempted from the need for independent shareholders' approval.
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