China Gas Holdings Limited (Stock Code: 384) released an announcement regarding two connected transactions. According to the document, on 6 February 2026 a wholly owned subsidiary of China Gas Holdings (the Vendor) and a non-wholly owned subsidiary (the Purchaser) entered into an agreement for the transfer of a 50.66% equity interest in Huatong Gas Equipment (Hebei) Limited for RMB52,668,000 (equivalent to approximately HK$58,520,000). After completion, the Target Company will remain a subsidiary through indirect ownership, and the proceeds will be used for general working capital.

Additionally, the announcement describes a Gas Metering and Water Metering Products Procurement Framework Agreement effective from 6 February 2026 to 31 March 2028. Under this arrangement, the YPH Group will supply gas metering and water metering products and related services to the broader parent group of China Gas Holdings. Planned transaction amounts (annual caps) for these products are RMB86.64 million from 6 February 2026 to 31 March 2026, RMB508.63 million for the year ending 31 March 2027, and RMB592.11 million for the year ending 31 March 2028.

Both transactions qualify as connected transactions under Chapter 14A of the Listing Rules. Given certain percentage ratios exceed 0.1% but are below 5%, they are subject to reporting and announcement requirements yet exempt from independent shareholders’ approval. The board of directors deems the terms of both transactions to be fair and reasonable, with no director (apart from those who have abstained due to family relationships) having material interests. According to the announcement, ongoing monitoring and review procedures will be in place to ensure the terms remain on normal commercial terms and in the interests of the company and shareholders.