Gelonghui, May 27丨Luyin Investment (600784.SH) announced that Heze Salt, a holding subsidiary of the company, recently won the right to survey and prospecting for rock salt mines in the Maozhuang area of Shan County, Shandong Province. The “Shandong Heze Gas Storage Pilot Test Plan” organized and prepared by CNPC Gas Storage Co., Ltd. was approved by higher authorities in March 2022, and three-dimensional seismic collection and processing explanations and preliminary design documents were organized and carried out. Following friendly negotiations, Heze Salt signed the “Shandong Heze Gas Storage Project Joint Venture Framework Agreement” (hereinafter referred to as the “Agreement”) with CNPC Gas Storage Co., Ltd. on May 25, 2024.

Shandong Luyin Salt Cave Energy Storage Engineering Technology Co., Ltd., a holding subsidiary of the company, has successively completed 3D seismic exploration, core analysis and other related tests in Feicheng City, Shandong Province. Currently, it is actively promoting technical demonstration of salt cave utilization and related supporting engineering construction work, and has accumulated some experience in salt cave gas storage and energy storage research. The signing of this framework agreement will enable the company and CNPC Gas Storage Co., Ltd. to give full play to their respective advantages and accelerate the construction of the Heze gas storage project in Shandong, in line with the company's overall development strategy.