China Resources Gas renews inter-group lending agreements with parent

China Resources Gas Group Limited has entered into new Framework Loan Agreements 2026, effective from January 1, 2026, to December 31, 2028. These agreements renew previous ones set to expire on December 31, 2025. Categorized as continuing connected transactions, they allow the company and its subsidiaries to lend surplus cash to other China Resources Group companies, including China Resources Inc. (CRI) and China Resources (Holdings) Company Limited (CRH).

The annual lending caps for the Framework Loan Agreements 2026 are set at yuan 1,800m for each of the years ending December 31, 2026, 2027, and 2028. This maximum daily amount represents an increase compared to historical lending, which saw yuan 2,000m in 2023, yuan 1,900m in 2024, and yuan 483m for the eleven months ended November 30, 2025. The new caps are determined based on operational scale, cash levels, historical transaction amounts, and expected cash flow.

The transactions are exempt from independent shareholders' approval under Listing Rules, requiring only reporting, announcement, and annual review. The board (including independent non-executive directors) considers the terms fair and reasonable and in the company's and shareholders' interests. Both CRI and CRH serve as guarantors, with CRI holding an AAA credit rating.