China Gas Industry renews connected transactions with HBIS Group

China Gas Industry Investment Holdings Co. Ltd. and HBIS Group have agreed to renew multiple master agreements, including those for gas products and related services, utilities and related services, miscellaneous services, and lease arrangements. These renewals are effective from January 1, 2026, to December 31, 2028. Additionally, the TTG Services Agreement between TTG, a wholly-owned subsidiary of the company, and Tangshan High-strength, an indirect subsidiary of HBIS, has also been renewed for the same three-year period.

The proposed annual caps for Gas Products and Related Services Transactions are RMB1,810.0 million for 2026, RMB1,991.0 million for 2027, and RMB2,190.0 million for 2028. For Utilities and Related Services, the proposed caps are RMB1,320.0 million (2026), RMB1,452.0 million (2027), and RMB1,597.0 million (2028). Miscellaneous Services are capped at RMB10.0 million (2026), RMB11.0 million (2027), and RMB12.1 million (2028), while Lease Transactions are capped at RMB12.0 million (2026), RMB13.2 million (2027), and RMB14.5 million (2028). The TTG Services Agreement has proposed annual caps of RMB20.0 million (2026), RMB22.0 million (2027), and RMB24.2 million (2028).

These transactions are classified as continuing connected transactions under Chapter 14A of the Listing Rules, with some requiring Independent Shareholders' approval due to applicable percentage ratios exceeding 5%. An Extraordinary General Meeting (EGM) is scheduled for Independent Shareholders to consider and approve these renewals, and a circular detailing the transactions is expected to be despatched around December 11, 2025.