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Investment in clean energy infrastructure

Fortune Oil is one of the main shareholders of China Gas Holdings Limited “CGH” (HKEX: 00384). CGH is one of China’s largest cross-regional integrated energy suppliers and service providers. Through years of development, China Gas has built a business system focused on pipeline natural gas, complemented by the import and distribution of liquefied natural gas (LNG) and liquefied petroleum gas (LPG), as well as gas field exploitation and green oilfield services. Over the past decade, responding to national requirements for green energy development, the company has made key breakthroughs in the comprehensive utilization of biomass energy, alongside power business segments including photovoltaic energy storage, virtual power plants and spot power trading. It has also conducted concurrent research and development on high-temperature and ultra-low-temperature heat pump technologies, which are applied in building and industrial energy supply, clean heating and other sectors. In parallel, it has developed diversified business divisions covering gas equipment and kitchen & bathroom appliances manufacturing, household life services, AI-powered smart new retail, etc. At present, China Gas has formed a full-format energy development landscape featuring multi-energy complementation, integration of production and services, and coordinated advancement.

As of 31 March 2026, China Gas has got a total of 80,000 employees and over 1,700 subsidiaries. It owns more than 662 franchised urban pipeline gas projects, over 400 natural gas refueling stations for vehicles and ships, over 100 liquefied petroleum gas (LPG) terminal distribution projects, 1 coalbed methane development project, 32 natural gas long-distance pipeline projects, 5 LPG terminals, 5 large petrochemical storage bases, 1 marine transportation fleet, and multiple land-based hazardous materials transportation fleets. The total length of its gas pipeline network is more than 580,000 kilometers, with an annual natural gas sales volume of over 40 billion cubic meters. It serves nearly 60 million residential customers connected to pipeline gas and bottled LPG, plus over 500,000 industrial and commercial users. Its gas supply network covers an urban population of more than 200 million, firmly securing its position as a global leader in energy distribution and services.