CHINA GAS HOLD (00384) announced that on February 6, 2026, its wholly-owned subsidiary, China Gas Industrial (Shenzhen) Co., Ltd., intends 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 core business of the target company 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 and controllable "R&D-production-service" supply chain system.

Amid the national policy push for smart city development, market demand for smart Internet of Things (IoT) meters has seen significant growth. Yipinhui possesses mature technological expertise and product experience in IoT, whole-house smart home, and security fields. The target company owns 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, safer, and more systematic solutions.

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