HK Investment signed a sale purchase agreement to acquire the remaining 50% stake in Henan Blue Sky Sino Gas Technology Company Limited from Henan Lantian Gas Co.,Ltd. for CNY 19 million on February 27, 2020. HK Investment shall pay CNY 6 million within 15 days after the signing of the sale purchase agreement. The acquisition will be financed through its use of proceeds raised from listing of shares on the stock exchange. Upon completion of all relevant procedures and approvals, HK Investment shall pay Henan the remaining balance of CNY13 million within 3 business days. Henan Blue Sky has been a joint venture entity of Henan Blue Sky Sino Gas since July 2015. Henan Blue Sky had a revenue of CNY 31.109 million, profit before tax of CNY 2.0 million and net profit after tax of CNY 1.8 million in 2019. Post completion, Henan will become a wholly owned subsidiary of of HK Investment. HK Investment completed the acquisition of remaining 50% stake in Henan Blue Sky Sino Gas Technology Company Limited from Henan Lantian Gas Co.,Ltd. on February 28, 2020. Henan Blue Sky became a wholly-owned subsidiary of the Group.