On 10 November 2023, Tianjin Jinran Public Utilities Company Limited (company) and Tianjin Binran Pipe Network Construction Co. Ltd. (Tianjin Binran) entered into the Supply Contract pursuant to which the Company agreed to supply natural gas to Tianjin Binran during the Contract Term. Subject to the terms and conditions of the Supply Contract, the Company has agreed to supply to Tianjin Binran natural gas (with air pressure equal to or greater than 0.9 MPa before the gas supply line enters the area where the natural gas is used) at the Gas Selling Price.

Where the gas usage facilities are out of order or has safety risks, Tianjin Binran may (at an expense) require the Company to provide safety checks and maintenance services on the gas usage facilities. The Company shall not be responsible for any loss of Tianjin Binran for any suspension of gas supply if it is caused by force majeure or other reasons not caused by the Company (such as government actions). From 1 January 2024 to 31 December 2026.

The Supply Contract shall be effective upon the Company having obtained the approval of the Independent Shareholders in accordance with the Listing Rules.