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Investment in clean energy infrastructure

Fortune Oil is one of the main shareholders of China Gas Holdings Limited “CGH” (HKEX: 384). CGH is currently one of the largest trans-regional energy and service providers in China. Since its establishment in 2002, CGH has successfully built a full-business development structure in mainland China with piped natural gas business as the lead, combined with urban gas, rural gas, vehicle and ship gas, LPG distribution, value-added business, thermal power, contract energy management, natural gas trade, equipment manufacturing, e-commerce services, warehousing and logistics.

As of 31 March 2020, CGH operates across 29 provinces, municipalities and autonomous regions in mainland China, with 604 exclusive piped natural gas projects, 17 natural gas long-distance pipeline projects,556 CNG/LNG vehicle and ship refuelling stations, 7 LPG terminals, 113 LPG terminal distribution projects, 1 coal bed methane development project,102 multi-energy complementary integrated energy supply projects. With more than 35 million residential households and more than 240,000 industrial and commercial users, the urban population covered by all CGH natural gas projects has increased to 137 million.