: Reached a settlement with Lai Minggui and others, will purchase gas products.

date
17/12/2025
Huate Gas announced that the three related cases of "Lai Minggui suing the company for contract disputes", "the company suing Lai Minggui for equity transfer disputes", and "the company suing Lai Minggui for breach of contract" have been settled. The agreement and the signed "product purchase contract" took effect on December 16th, and the company will withdraw the lawsuit and not appeal. It was agreed that the company will purchase gas products from China Energy until the end of 2030; the previous agreement will be terminated if conditions are met; the company will refund 20 million yuan in performance bond, and Lai Minggui will compensate 9 million yuan; within 3 days of the agreement taking effect, the company will withdraw the case and apply for the release of the precautionary measures. The impact of the settlement on performance is pending.