According to the Zhitong Finance App, Ganghua Smart Energy (01083) announced that on May 27, 2022, Ganghua Gas Investment (an indirect wholly-owned subsidiary of the company) signed an equity transfer agreement with the seller. The seller has agreed to sell and Ganghua Gas Investment has agreed to purchase 49% of Anguohua Port's shares at a cost of RMB 23 million.

According to the announcement, Anguohua Port is mainly engaged in pipeline natural gas sales and has obtained concessions covering the gas pipeline networks in the city south of Yaohua Road, Shifo Town, and Wu Renqiao Town in Anguo. Since Anguo Huapang has always been profitable, and the local industry in Anguk City is developing steadily, its future market has great potential. The acquisition will allow the Group to further benefit from the economic returns brought by the sustainable development of local industries in Anguk City. Using Hebei Natural Gas as a partner and gas supplier can keep gas supply and gas prices stable. It will not only guarantee the Group's future revenue from acquisitions, but also help the Group develop downstream gas markets in surrounding regions.

Anguohua Port has a comprehensive franchise area, a mature gas market, stable and diversified pipeline gas sources, stable profitability and excellent overall operating conditions. Furthermore, since the other shareholder of Anguohua Port is Hebei Natural Gas (a joint venture of China Gas), the Group can therefore benefit from strong regional synergies in all aspects of gas sources, management, and relationships with the government and the business community. Through the joint management of Anguohua Port with Hebei Natural Gas, the Group can enter the gas market in these regions and integrate surrounding regions involving gas, zero-carbon parks, photovoltaics, etc., to further expand the Group's overall layout in the comprehensive energy market.