CHINA GAS HOLD (00384) plans to sell 50.66% equity of Hebei Huatong Gas Equipment Co., Ltd., a non-wholly owned subsidiary, for 52.668 million yuan.

China Gas Hold (00384) announced that on February 6, 2026, its wholly-owned subsidiary, CR Gas Industry (Shenzhen) Co., Ltd., intends to sell 50.66% equity of Hebei Huatong Gas Equipment Co., Ltd. to Shenzhen Yipinhui Investment and Development Co., Ltd. for RMB 52.668 million. Yipinhui Group mainly engages in the sale and provision of kitchen household products and services, including kitchen appliances, gas security products, other household products, and residential upgrade solutions. The target company's core business focuses on the research and development, manufacturing, sales, and testing of gas equipment and water meter products, integrating them into the product and service ecosystem of Yipinhui Group to enhance strategic synergies and business upgrades, and strengthen the independent and controllable "R&D-manufacturing-service" supply chain system. With the continuous promotion of smart city construction policies by the government, there is a significant increase in market demand for smart IoT water meters. Yipinhui has mature technology accumulation and product experience in the IoT, whole-house smart home, and security fields, while the target company has advanced production lines. After the equity transfer, deep integration of R&D resources from both sides can drive the upgrade of gas meters towards intelligence, security, and systemization. Leveraging platforms like Yipinhui's "Family Aid" and "Qiwei Security", both sides can jointly develop a series of high value-added new products such as valve well leakage monitoring, smart sockets, IoT smoke detectors, and commercial kitchen warning systems to further expand the profit space of the target company.