About TG SMART ENERGY Company

Ganghua Smart Energy Co., Ltd. is a Hong Kong listed company (stock code: 1083). Its main shareholder is Hong Kong China Gas Co., Ltd. (stock code: 0003). Ganghua Smart Energy Co., Ltd. (hereinafter referred to as Ganghua Smart Energy) is a specialized gas investment management group specializing in gas business investment, development and operation management. Its main business involves the sale and distribution of pipeline gas in China, including providing pipeline gas, gas network construction, operating urban pipeline gas networks, operating gas vehicle gas stations, and selling gas-related appliances. At the same time, the Group has been engaged in smart energy systems business (including renewable energy generation (including but not limited to solar photovoltaic systems), digital energy management services and carbon management services) in China (hereinafter referred to as smart energy business). In particular, in order to meet China's carbon peak and carbon neutrality goals, Ganghua Smart Energy continues to advance the “Zero Carbon City” smart energy plan based on the development of photovoltaics and energy storage projects, and has established extensive cooperative relationships with major Chinese energy companies to build a smart energy ecosystem. Currently, as the world aims to achieve zero carbon emissions, the global focus is on actively promoting the green and low-carbon transformation of global development. Therefore, it is expected that future trends in the energy business will focus on sustainable development and carbon reduction. In line with the development trend, the Group plans to further expand its smart energy business, and invest in and develop its smart energy business through rational work and resource allocation in addition to other existing businesses. Ganghua Smart Energy has been involved in the gas sector in China since the mid-1990s. With its unique advantages and efficient development model, it has successively owned 21 provinces/autonomous regions/municipalities in Anhui, Fujian, Guangdong, Guangxi, Guizhou, Heilongjiang, Hebei, Hubei, Hunan, Inner Mongolia, Jiangsu, Jiangxi, Jilin, Liaoning, Shandong, Sichuan, Yunnan, Zhejiang, Chongqing and Shanghai through joint ventures with the most powerful and competitive state-owned gas production, sales, storage and transportation enterprises in the target market 127 projects. Ganghua Smart Energy is a leading urban pipeline gas operator in the mainland. It provides 13.44 million residential, industrial and commercial customers and sells 11.12 billion cubic meters of gas per year, and has formed a complete operation system with a terminal service system as the core, covering gas refining, storage, distribution, sales, and urban gas network construction. Thanks to the business philosophy of providing low-carbon, environmentally friendly and clean gas, years of gas retail service and market development strength, accumulated over the years, the good record of state-owned enterprise restructuring, and strong capital strength, abundant resources and proper marketing management skills, Ganghua Smart Energy accurately grasped the huge business opportunities nurtured by the rapid development of the natural gas industry, and gave full play to its own experience, technology and talent advantages in gas operation and management brought by China Gas, and successfully established close and friendly cooperative relationships with local governments. It has created a high reputation in the mainland gas industry, created a good brand effect among end users, and became a long-term partner trusted and supported by local governments, enterprises and users. With standardized services, efficient logistics distribution systems and advanced business management models, Ganghua Smart Energy is actively developing the mainland's civil, industrial, commercial and automotive gas markets, ensuring the supply of pipeline gas, and achieving low cost and high efficiency operation. It has grown into one of the largest cross-regional gas supply and smart energy service providers with the widest range of domestic and even Asian business coverage, the largest number of end users, and the largest scale.