Towngas China revises annual cap on related transactions

Towngas Smart Energy Company Limited (HKEX: 1083) announced a revision to the annual cap amounts for continuing connected transactions under the Master Gas and Smart Energy Related Agreement with The Hong Kong and China Gas Company Limited (HKCG). On June 6, 2025, the company entered into a Supplemental Agreement to amend the original agreement, increasing the annual caps to meet anticipated demand from the HKCG Group. The revised annual cap for the year ending December 31, 2025, is RMB500,000,000 (approximately HK$543,715,000), and for the year ending December 31, 2026, is RMB520,000,000 (approximately HK$565,463,000). The revision is driven by the expansion of the Group's gas resources business, its strategy of cross-regional resources allocation, and increasing fuel gas demand from HKCG Group members. The directors consider the terms of the Supplemental Agreement and the revised annual caps to be fair, reasonable, and in the interests of the company and its shareholders.