China Resources Gas Group Limited

China Resources Gas Holdings Limited (“China Resources Gas”) is mainly owned by China Resources (Group) Co., Ltd., one of China's largest state-owned enterprise groups. As a leading gas utility group in China, China Resources Gas's main business includes the purchase and sale of natural gas, construction and operation of pipeline facilities, vehicle and ship gas, integrated energy for cooling and heating, and integrated gas services. China Resources Gas's business is strategically distributed across the country, mainly in economically developed and densely populated regions and regions with abundant natural gas reserves. With a good industry foundation and the Group's execution capabilities, China Resources Gas continued to achieve rapid expansion through inclusive growth and acquisitions in 2022. At the end of 2022, China Resources Gas had a total of 273 urban gas projects distributed in 25 provinces in China, including 15 provincial capitals and 3 municipalities directly under the Central Government. The total annual gas sales volume reached about 35.9 billion cubic meters and the number of customers reached 54.37 million households. Optimizing the energy structure and controlling environmental pollution will drive China's natural gas consumption to continue to grow. The Chinese government has taken a number of measures in recent years to promote the development and use of less polluting energy resources. Compared with traditional energy resources such as coal and crude oil, the natural gas industry conforms to the country's core development concept of innovation, coordination, green, openness and sharing. The country once again emphasizes promoting green and low-carbon development and strengthening the construction of ecological civilization in the “14th Five-Year Plan” and the draft long-term goal outline for 2035. The promotion and application of natural gas plays an important role in protecting the ecological environment and promoting green transformation. China is still the most important region for global natural gas development, and China's natural gas market is still in an important development period. China Resources Gas will make full use of the favorable business environment, continue to expand through content and epitaxial growth, strive to improve its operating efficiency while pursuing excellent performance, provide safe and reliable clean energy supply and provide customers with thoughtful, thoughtful and efficient services, provide shareholders with continuous growth and sustainable performance, create extensive and professional personal development opportunities for employees, contribute to environmental protection and improvement in China and the world, and become the most respected leader in the Chinese gas industry.