Guizhou Gas: Progress on issuing shares to purchase assets, adjustment of the pricing benchmark date, with supporting fundraising not exceeding 35 specific investors.
Guizhou Gas Announcement: The company intends to issue shares to Guizhou Wujiang Energy Investment Co., Ltd., Guizhou Province New Momentum Industrial Development Fund Partnership, and Guizhou Province New Industrialization Development Equity Investment Fund Partnership to purchase the 100% equity of Guizhou Shale Gas Exploration and Development Co., Ltd. held by them, and to issue shares to no more than 35 qualified specific investors to raise supporting funds. On August 3, 2026, the company held the 19th meeting of the 4th Board of Directors, during which it reviewed and approved the adjustment of the pricing benchmark date for this share issuance to purchase assets and related party transaction, among other proposals. As of the disclosure date of this announcement, the audit, appraisal, and due diligence work related to the assets involved in this transaction is progressing in an orderly manner. Apart from the risk factors disclosed in the transaction proposal, the company has not identified any matters that may lead to the board or the counterparty withdrawing, suspending this transaction or making substantial changes to the plan.
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