CHINA GAS HOLD (00384) announced that on February 6, 2026, its wholly-owned subsidiary, China Gas Industrial (Shenzhen) Co., Ltd., plans to sell a 50.66% equity stake in Hebei Huatong Gas Equipment Co., Ltd. to Shenzhen Yipinhui Investment Development Co., Ltd. for a consideration of RMB 52.668 million.

Yipinhui Group is primarily engaged in the sales and provision of kitchen and home products and services, including kitchen appliances, gas safety products, other home products, and residential upgrade solutions. The target company's core business focuses on the research and development, manufacturing, sales, and testing of gas equipment and water meter products. Integrating it into Yipinhui Group's product and service ecosystem will enhance the strategic synergy and business upgrade of the group's portfolio, establishing a self-sufficient "R&D-production-service" supply chain system.

Against the backdrop of the national policy promoting smart city construction, demand for smart Internet of Things (IoT) meter products has grown significantly. Yipinhui possesses mature technological expertise and product experience in IoT, whole-home smart systems, and safety monitoring. The target company has advanced production lines. Following the equity transfer, the two parties can achieve deep integration of R&D resources, driving the upgrade of gas meters toward smarter, safety-oriented, and systematic solutions.

Leveraging Yipinhui's platforms such as "Family Helper" and "Qiwei Safety," the two companies can jointly develop a series of high-value-added new products, including valve well leak monitoring, smart sockets, IoT smoke detectors, and commercial kitchen warning systems, further expanding the target company's profit potential.