ZHONGHUA GAS (08246) announced that on April 30, 2026, its indirectly held non-wholly owned subsidiary, Natural Gas Sales, entered into a project construction investment agreement with Tianjin Jinre New Energy. Under the agreement, Natural Gas Sales has agreed to contribute 80 million yuan as investment capital to participate in the project. The Chinese government continues to actively promote the development of clean energy and the coal-to-gas conversion plan as part of efforts to optimize the national energy structure and reduce carbon emissions. The project involves the construction of a high-pressure natural gas pipeline in the Jinghai District of Tianjin. This pipeline will connect to the national grid's 10.0 MPa West-East Gas Pipeline at three intake points: the G36 valve chamber, Jinghai gas distribution station, and G37 valve chamber. The project is expected to have an annual gas transmission capacity of approximately 1.9 billion Nm³, significantly enhancing the liquefied natural gas supply capacity for Jinghai District and surrounding areas, including industrial parks, residential communities, and heating users. The implementation of the project will strengthen regional natural gas supply security, support the replacement of coal with natural gas, and contribute to environmental protection and sustainable development in Tianjin. The company believes that providing investment capital for the project will enable the group to participate in the natural gas transmission and supply network in Jinghai District. Upon completion of the project, the relevant fixed assets will be transferred to the project company, and the investment capital will automatically be used to subscribe for equity in the project company by the group, in accordance with the terms of the project construction investment agreement. Through this participation, the group will be able to expand its business footprint in the regional natural gas infrastructure market, strengthen strategic cooperation with upstream pipeline operators, and enhance its competitiveness in the regional liquefied natural gas market. Following the project's completion and the conversion of the investment capital into equity in the project company, the group is expected to benefit from long-term operational revenue generated by the project.