Zhitong Finance App News, China Gas (08246) announced that on October 20, 2026, the company signed two subscription agreements. According to this, (i) Subscriber 1 (Yancheng Fuliu'an Cultural Tourism Development Co., Ltd.) has agreed to subscribe, and the company has agreed to issue convertible bonds with a capital amount of RMB 24 million; (ii) Subscriber 2 (Ms. Xie Jing) has agreed to subscribe, and the company has agreed to issue convertible bonds with a capital amount of RMB 6 million in exchange for Hong Kong shares. yuan.

Based on the conversion price of HK$0.88 per share, a total of 398.11,400 shares will be allotted and issued after all of the share conversion rights attached to the convertible bonds, accounting for 6.72% of the company's existing issued share capital, and approximately 6.30% of the company's issued share capital expanded through allotment and issuance of exchange shares.

The total proceeds and net proceeds from the issuance of convertible bonds will be RMB30 million and estimated to be approximately RMB29.6 million respectively. The company plans to use the net proceeds from issuing convertible bonds mainly for: (1) 50% will be used for the development of liquefied natural gas projects in Laos; (2) 40% will be used for general operating capital, mainly for administrative expenses, including employee costs, legal and professional expenses, audit and non-audit expenses, rent and other office expenses; (3) 10% will be used to settle outstanding payables.

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