Common use of LISTING RULES IMPLICATION Clause in Contracts

LISTING RULES IMPLICATION. Supplemental Agreement As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the annual cap for the 2020 Gas Supply Contract and 2021 Gas Supply Contract exceeded 5%, the 2020 Gas Supply Contract and 2021 Gas Supply Contract were subject to, inter alia, the Independent Shareholders’ approval, reporting, annual review and announcement requirements under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, the Company must re-comply with the announcement and shareholders’ approval requirements before it proposes to effect a material change to its terms, accordingly, the Supplemental Agreement, which serves to amend the 2020 Gas Sourcing Price and 2021 Gas Sourcing Price, is subject to the Independent Shareholders’ approval and announcement requirements under Chapter 14A of the Listing Rules. As at the date of this announcement, Jinran China Resources is held as to 51% by Tianjin Gas, which is the controlling shareholder of the Company, holding approximately 70.54% of the issued shares of the Company. Jinran China Resources is hence a connected person of the Company. A circular containing, inter alia, (i) details of the Supplemental Agreement, (ii) the advice from the Independent Board Committee to the Independent Shareholders; (iii) the advice from Gram Capital Limited to the Independent Board Committee and Independent Shareholders in relation to the Supplemental Agreement; and (iv) the notice convening the EGM, is expected to be despatched to the Shareholders on or before 6 May 2021. Tianjin Gas and its associates will abstain from voting in connection with the Supplemental Agreement at the aforesaid EGM. The Company has appointed Gram Capital Limited as the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the Supplemental Agreement. 資(Ti集an團jin有E限ner公gy司Group Finance Co., Limited*), an indirect non wholly-owned subsidiary of 天津能源投

LISTING RULES IMPLICATION. Supplemental Agreement As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the annual cap for the 2020 Gas Supply Contract and 2021 Gas Supply Contract exceeded 5%, the 2020 Gas Supply Contract and 2021 Gas Supply Contract were subject to, inter alia, the Independent Shareholders’ approval, reporting, annual review and announcement requirements under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, the Company must re-comply with the announcement and shareholders’ approval requirements before it proposes to effect a material change to its terms, accordingly, the Supplemental Agreement, which serves to amend the 2020 Gas Sourcing Price and 2021 Gas Sourcing Price, is subject to the Independent Shareholders’ approval and announcement requirements under Chapter 14A of the Listing Rules. As at the date of this announcement, Jinran China Resources is held as to 51% by Tianjin Gas, which is the controlling shareholder of the Company, holding approximately 70.54% of the issued shares of the Company. Jinran China Resources is hence a connected person of the Company. The Company has appointed Gram Capital Limited as the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the Supplemental Agreement. A circular containing, inter alia, (i) details of the Supplemental Agreement, (ii) the advice from the Independent Board Committee to the Independent Shareholders; (iii) the advice from Gram Capital Limited to the Independent Board Committee and Independent Shareholders in relation to the Supplemental Agreement; and (iv) the notice convening the EGM, is expected to be despatched to the Shareholders on or before 6 May 2021. Tianjin Gas and its associates will abstain from voting in connection with the Supplemental Agreement at the aforesaid EGM. The Reference is made to the announcement of the Company has appointed Gram Capital Limited as the independent financial adviser to advise the Independent Board Committee dated 11 November 2019 and the Independent Shareholders on circular of the Company dated 11 December 2019 concerning the continuing connected transaction of the Company in relation to the Gas Supply contemplated under the 2020 Gas Supply Contract entered into between Jinran China Resources and the Company, and the announcement of the Company dated 9 February 2021 and the circular of the Company dated 15 March 2021 concerning the continuing connected transaction of the Company in relation to the Gas Supply contemplated under the 2021 Gas Supply Contract entered into between Jinran China Resources and the Company. On 15 April 2021, the Company and Jinran China Resources entered into the Supplemental Agreement, pursuant to which the 2020 Gas Sourcing Price and 2021 Gas Sourcing Price in relation to the natural gas supplied by Jinran China Resources to the Company as processed and measured by the pressure reducing station on Lishuang Road of Tianjin city operated by the Company from 1 November 2020 to 31 March 2021 will be determined otherwise than provided under the 2020 Gas Supply Contract and 2021 Gas Supply Contract. 資(Ti集an團jin有E限ner公gy司Group Finance Co., Limited*), an indirect non wholly-owned subsidiary of 天津能源投The Supplemental Agreement shall take effect upon Independent Shareholders’ approval.

LISTING RULES IMPLICATION. Supplemental Agreement As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the annual cap for the 2020 Gas Supply Contract and 2021 Gas Supply Contract exceeded 5%, the 2020 Gas Supply Contract and 2021 Gas Supply Contract were subject to, inter alia, the Independent Shareholders’ approval, reporting, annual review and announcement requirements under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, the Company must re-comply with the announcement and shareholders’ approval requirements before it proposes to effect a material change to its terms, accordingly, the Supplemental Agreement, which serves to amend the 2020 Gas Sourcing Price and 2021 Gas Sourcing Price, is subject to the Independent Shareholders’ approval and announcement requirements under Chapter 14A of the Listing Rules. As at the date of this announcement, Jinran China Resources is held as to 51% by Tianjin Gas, which is the controlling shareholder of the Company, holding approximately 70.54% of the issued shares of the Company. Jinran China Resources is hence a connected person of the Company, and the entering into of the 2021 Gas Supply Contract between Jinran China Resources and the Company constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the annual cap for the 2021 Gas Supply Contract exceeds 5%, the 2021 Gas Supply Contract is subject to, inter alia, the Independent Shareholders’ approval, reporting, annual review and announcement requirements under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, the Company must re- comply with the announcement and shareholders’ approval requirements before it proposes to effect a material change to its terms, accordingly, the Supplemental Agreements, which serve to amend the 2021 Gas Sourcing Price, is subject to the Independent Shareholders’ approval and announcement requirements under Chapter 14A of the Listing Rules. The Company will appoint an independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the Supplemental Agreements. A circular containing, inter alia, (i) further details of the Supplemental AgreementAgreements, (ii) the advice from the Independent Board Committee to the Independent Shareholders; (iii) the advice from Gram Capital Limited the independent financial adviser of the Company to the Independent Board Committee and Independent Shareholders in relation to the Supplemental AgreementAgreements; and (iv) the notice convening the EGM, is expected to be despatched to the Shareholders on or before 6 May 2021within 15 business days from the date of this Announcement. Tianjin Gas and its associates will abstain from voting in connection with the Supplemental Agreement Agreements at the aforesaid EGM. The Company has appointed Gram Capital Limited as the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the Supplemental Agreement. 資(Ti集an團jin有E限ner公gy司Group Finance Co., Limited*), an indirect non wholly-owned subsidiary of 天津能源投

LISTING RULES IMPLICATION. Supplemental Agreement As at the date of this announcement, Jinran China Resources is held as to 51% by Tianjin Gas, which is the controlling shareholder of the Company, holding approximately 70.55% of the issued shares of the Company. Jinran China Resources is hence a connected person of the Company, and the entering into of the 2021 Gas Supply Contract between Jinran China Resources and the Company constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the annual cap for the 2020 Gas Supply Contract and 2021 Gas Supply Contract exceeded exceeds 5%, the 2020 Gas Supply Contract and 2021 Gas Supply Contract were is subject to, inter alia, the Independent Shareholders’ approval, reporting, annual review and announcement requirements under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, the Company must re-comply with the announcement and shareholders’ approval requirements before it proposes to effect a material change to its terms, accordingly, the Supplemental Agreement, which serves serve to amend the 2020 Gas Sourcing Price and 2021 Gas Sourcing Price, is subject to the Independent Shareholders’ approval and announcement requirements under Chapter 14A of the Listing Rules. As at The Company will appoint an independent financial adviser to advise the date of this announcement, Jinran China Resources is held as to 51% by Tianjin Gas, which is Independent Board Committee and the controlling shareholder of Independent Shareholders on the Company, holding approximately 70.54% of the issued shares of the Company. Jinran China Resources is hence a connected person of the CompanySupplemental Agreement. A circular containing, inter alia, (i) further details of the Supplemental Agreement, (ii) the advice from the Independent Board Committee to the Independent Shareholders; (iii) the advice from Gram Capital Limited the independent financial adviser of the Company to the Independent Board Committee and Independent Shareholders in relation to the Supplemental Agreement; and (iv) the notice convening the EGM, is expected to be despatched to the Shareholders on or before 6 May 2021within 15 business days from the date of this announcement. Tianjin Gas and its associates will abstain from voting in connection with the Supplemental Agreement at the aforesaid EGM. The Company has appointed Gram Capital Limited as the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the Supplemental Agreement. 資(Ti集an團jin有E限ner公gy司Group Finance Co., Limited*), an indirect non wholly-owned subsidiary of 天津能源投