Blue River Holdings Limited (498) entered into a non-legally binding cooperation framework agreement on 2 February 2026 with Wuhan Energy Reserve Operation Investment Company Limited. The agreement outlines a plan to explore collaboration in liquefied natural gas (LNG) storage facility construction, operation, and developing inland distribution channels via the Yangtze River. Both parties will also consider potential coal trading business to enhance upstream and downstream supply chains.

Blue River Holdings Limited, incorporated in Bermuda and listed on the Main Board of The Stock Exchange of Hong Kong Limited, has agreed with Wuhan Energy Reserve to form a project working group to define the scope and details of the cooperation. According to the announcement, both parties will conduct technical, financial, legal, and market analyses to determine the feasibility of the potential projects.

The cooperation framework agreement sets out that the parties will endeavor to finalize a definitive agreement within 12 months or a mutually agreed extended period. At this stage, the agreement remains non-binding, and further negotiations will determine the specific terms of cooperation. The company stated that, if materialized, any definitive agreement may constitute a notifiable transaction under Chapter 14 of the Listing Rules, and additional announcements will be made in accordance with regulatory requirements.

Blue River Holdings Limited emphasized that the potential collaboration is designed to support ongoing national strategies for Yangtze River protection, focusing on LNG storage and distribution infrastructure. The company stated that this initiative could bring beneficial synergies and strengthen its supply chain capabilities. However, no legally binding agreement has been reached thus far, and the cooperation may or may not proceed.