Zhuhai Port Company Limited announced that it intends to acquire China Tianlun Gas Holdings Limited, a company listed on the main board of the Stock Exchange, through its wholly-owned subsidiary Zhuhai Port Hong Kong Development Company Limited120,000,000Shares, or about its total share capital11.96%. In order to effectively enhance the capital strength of the development of Hong Kong, the Company intends to increase the capital of the development of Hong Kong with self-raised funds no more than1.289$100 million (the actual amount of the final capital increase toODISubject to approval). After the capital increase, the registered capital of Hong Kong Development will be about100,00010,000 Hong Kong dollars.

Ring view:This capital increase is mainly to effectively enhance the capital strength of Hong Kong's development and improve its investment and financing ability, which is used to pay for the purchase of part of the equity of Tianlun Gas, financing interest and related expenses. Because the acquisition of overseas equity through Hong Kong companies is not only simple, and the processing time is short, but also very conducive to the realization of the subsequent strategic layout. By participating in Tianlun Gas, the company can realize the gas business layout in different places on the basis of the original industrial accumulation, and further expand the scale of the company's gas business and new development space. In the future, both sides will give full play to their resource advantages, jointly expand the natural gas market, further promote the application of natural gas in various fields, actively expand the business of "coal to gas", and jointly explore and tap the collaborative development of the two sides in the field of new energy in the future, to help the national strategy of green environmental protection.

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