Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Lead Independent Non-Executive Director Franky Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Beijing Gas Blue Sky Holdings Limited, Annual General Meeting, May 29, 2026 Beijing Gas Blue Sky Holdings Limited, Annual General Meeting, May 29, 2026. Announcement • Mar 09
Beijing Gas Blue Sky Holdings Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Beijing Gas Blue Sky Holdings Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • Jan 02
Beijing Gas Blue Sky Holdings Limited Provides Update on Litigation Beijing Gas Blue Sky Holdings Limited pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). References are made to the announcements of the Company dated 19 April 2022 and 20 March 2025 (the "Announcements") in relation to, among other things, the claims by Dalian PetroChina Xiuhe Energy Co. Ltd. against Shenzhen Xinliao Oil Technical Service Co. Ltd., the Company and Guizhou Shunyao Energy Investment Co. Ltd. Unless otherwise defined herein, capitalized terms used shall have the same meanings as those defined in the Announcements. The Judgement; On 30 December 2025, the Company received a judgement dated 29 December 2025 from the Court in relation to the Litigation (the "Judgement"). As stated in the Judgement, the Court is of the view that the Litigation arises from a dispute based on a debt assignment agreement entered into between the Claimant and Liaohe Longyi (the "Debt Assignment Agreement") and hence the focal point of the Litigation is whether the Debt Assignment Agreement is valid or not. Accordingly, whether the Claimant could succeed in the Litigation depends on whether the assignment of the Outstanding Consideration by Liaohe Longyi to the Claimant pursuant to the Debt Assignment Agreement constitutes a legally valid assignment. Having considered the evidence and arguments put forward by the parties, the Court ruled that the assignment of the Outstanding Consideration by Liaohe Longyi to the Claimant is invalid and hence the Claimant's claims against Shenzhen Xinliao, the Company and Guizhou Shunyao for the Outstanding Consideration should not be upheld. Accordingly, the Claimants' claims are dismissed and the Court ordered that the case acceptance fee and the preservation fee shall be borne by the Claimant. If any party is dissatisfied with the Judgement, it may submit a notice of appeal to the Court within 15 days from the date of service of the Judgment and appeal to the Higher People's Court of Liaoning Province. Announcement • Aug 15
Beijing Gas Blue Sky Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Beijing Gas Blue Sky Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Mar 26
Beijing Gas Blue Sky Holdings Limited, Annual General Meeting, May 29, 2025 Beijing Gas Blue Sky Holdings Limited, Annual General Meeting, May 29, 2025. Announcement • Mar 07
Beijing Gas Blue Sky Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Beijing Gas Blue Sky Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Jan 22
Beijing Gas Blue Sky Holdings Limited Provides an Update on Lawsuit On 9 January 2023, Mr. Li Lianjing, Mr. Li Ruifengand, Ms. Yang Cuiling, (collectively, the "Claimants") brought a lawsuit (the "Litigation") to the People's Court of Heibei Province Tangshan City Caofeidian District (the "Court") against (1) Hill Hero Limited ("D1"); (2) Shenzhen Hanlong Technical Service Co. Ltd. ("D2"); and (3) Beijing Gas Blue Sky Holdings Limited (the Company) (together with D1 and D2, the "Defendants"). According to the statement of claim, the Claimants alleged that: (a) the Claimants were the original shareholders of Tangshan Huapu Gas Co. Ltd. (the "Target Company") who entered into an equity transfer agreement (the "Equity Transfer Agreement") with D1 in 2018, pursuant to which the Claimants shall transfer 51% equity interests in the Target Company to D1 (the "Equity Transfer") and D1 has directed the Claimants to transfer such equity interests to D2 instead; the Claimants alleged that the Company is the ultimate controller of D1; each of the Defendants shall be jointly responsible for settling the consideration in relation to the Equity Transfer (the "Consideration"); the Claimants have transferred 51% equity interests in the Target Company to D2 pursuant to the Equity Transfer Agreement. However, the Defendants fail to settle the Consideration in full. Accordingly, the Claimants brought a legal action to the Court, requesting the Court to order the Defendants to: (a) continue performing their obligations under the Equity Transfer Agreement; (b) pay the remaining balance of the Consideration to the Claimants which tentatively amounted to RMB 1 million; and (c) bear all the legal costs in relation to the Litigation. On 17 January 2025, the Company received a decision made by the Court (the "Decision") dated 13 December 2024 regarding the jurisdiction for the Litigation. The Court considered that the Claimants ' claims (the " Relief Sought ") would exceed RMB 20 million, which is beyond the Court 's jurisdiction. Accordingly, the Court ruled that the Litigation shall be transferred to the Intermediate People's Court of Tangshan City (the "Intermediate People's Court") for further processing. Announcement • Oct 28
Beijing Gas Blue Sky Holdings Limited Announces Change of Directors Beijing Gas Blue Sky Holdings Limited announced that Mr. Shao Dan ("Mr. Shao") has tendered his resignation as a non- executive Director with effect from 28 October 2024 due to his work adjustment with the Company 's controlling shareholder (having the meaning ascribed to it under the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange")). The Board announced that Mr. Gao Ping ("Mr. Gao") has been appointed as a non- executive Director with effect from 28 October 2024. Mr. Gao Ping, aged 37, is currently employed at the Investment Management Centre of Beijing Gas Group Co. Ltd. ("Beijing Gas Group"), a controlling shareholder of the Company. Mr. Gao is responsible for the management of subsidiary investment enterprises of Beijing Gas Group, and serves as a director of Xinjing Beiran Ure Energy Co. Ltd., a subsidiary of Beijing Gas Group. From July 2020 to February. 2024, Mr. Gao served the Company at different times as, among others, the assistant to the chief executive officer, the supervisor of the chief executive office and the head of the audit supervisory department. Mr. Gao has work experience with one of the Big Four international accounting firms. Mr. Gao obtained a Master's degree in Accountancy from Dongbei University of Finance and Economics in June 2014 and is an accountant and economist. Announcement • Aug 14
Beijing Gas Blue Sky Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Beijing Gas Blue Sky Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jul 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.0m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (35% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€91.0m market cap, or US$99.0m). Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: HK$0.004 (vs HK$0.001 in FY 2022) Full year 2023 results: EPS: HK$0.004 (up from HK$0.001 in FY 2022). Revenue: HK$2.15b (up 37% from FY 2022). Net income: HK$91.3m (up 390% from FY 2022). Profit margin: 4.2% (up from 1.2% in FY 2022). Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: HK$0.004 (vs HK$0.001 in FY 2022) Full year 2023 results: EPS: HK$0.004 (up from HK$0.001 in FY 2022). Revenue: HK$2.15b (up 34% from FY 2022). Net income: HK$91.3m (up 390% from FY 2022). Profit margin: 4.2% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Mar 16
Beijing Gas Blue Sky Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Beijing Gas Blue Sky Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Dec 21
Beijing Gas Blue Sky Holdings Limited Announces Chief Executive Officer Changes Beijing Gas Blue Sky Holdings Limited announced that, with effect from 20 December 2023: Mr. Li Weiqi ("Mr. Li"), an executive Director, has been re-designated from the chief executive officer of the Company to the Chairman; and Mr. Wu Haipeng ("Mr. Wu"), an executive Director, has been re-designated from the executive vice president of the Company to the Chief Executive Officer. Mr. Wu, aged 48, was appointed as an executive Director on 16 November 2022 and was re-designated from vice president to the Executive Vice President on 24 May 2023. He is a member of the Executive Committee. With effect from 20 December 2023, Mr. Wu has been re-designated from Executive Vice President to the Chief Executive Officer. He joined the Group in February 2021 as a vice president of the Group in which he was mainly responsible for the Group 's safety management. He obtained a bachelor 's degree in industrial automation from Daqing Petroleum Institute (currently known as Northeast Petroleum University in July 1998 and a master's degree in gas engineering) and management from MINES ParisTech in October 2011 and is a senior gas engineer. Mr. Wu has over 20 years of experience in gas pipeline network operation, gas station operation and safety management. Mr. Wu was promoted to the head of the Group's safety management committee in June 2021 and was re-designated as the executive officer of the safety management committee in February 2022. In addition to supervising the safety technology department of the Company, Mr. Wu also oversees the engineering management and investment development functions of the Group. He also acts as director of certain subsidiaries of the Company. Announcement • Dec 20
Beijing Gas Blue Sky Holdings Limited Announces Executive Changes The board of directors of Beijing Gas Blue Sky Holdings Limited announced that Mr. Zhi Xiaoye ("Mr. Zhi") has tendered his resignation as a non-executive Director and ceased to act as the chairman of the Board (the "Chairman") with effect from 20 December 2023 due to Mr. Zhi's workadjustment with the Company's controlling shareholder. The Board announced that, with effect from 20 December 2023: Mr. Li Weiqi ("Mr. Li"), an executive Director, has been re-designated from the chief executive officer of the Company (the ``Chief Executive Officer'') to the Chairman; and Mr. Wu Haipeng ("Mr. Wu"), an executive Director, has been re-designated from the executive vice president of the Company (the "Executive Vice President") to the Chief Executive Officer. Mr. Li, aged 48, was appointed as an executive Director and Chief Executive Officer on 6 July 2020. He is also the chairman of the Executive Committee of the Board. With effect from 20 December 2023, Mr. Li has been re-designated from the Chief Executive Officer to the Chairman and the chairman of the nomination committee of the Company. Mr. Li graduated from City Gas Engineering of Beijing University of Civil Engineering and Architecture in 1998 and is a senior engineer. Mr. Li served as the manager of the capital operation department of Beijing Gas Group Company Limited ("Beijing Gas Group") from April 2018 to November 2020 and served as the deputy manager of planning and development department of Beijing Gas Group from December 2012 to August 2016. Mr. Li has ever worked in various departments in Beijing Coal Heat Institute for more than 10 years, including the planning and operation, consulting design and marketing departments, and has work experience in the Gas Management Office of the Beijing Municipal Management Committee. Mr. Li has more than 20 years of experience in natural gas design and planning, infrastructure investment, market development, corporate governance and capital operation. Mr. Li was an executive Director from 21 February 2017 to 26 September 2019. Mr. Wu, aged 48, was appointed as an executive Director on 16 November 2022 and was re-designated from vice president to the Executive Vice President on 24 May 2023. He is a member of the Executive Committee. With effect from 20 December 2023, Mr. Wu has been re-designated from Executive Vice President to the Chief Executive Officer. He joined the Group in February 2021 as a vice president of the Group in which he was mainly responsible for the Group 's safety management. He obtained a bachelor 's degree in industrial automation from Daqing Petroleum Institute (currently known as Northeast Petroleum University in July 1998 and a master's degree in gas engineering) and management from MINES ParisTech in October 2011 and is a senior gas engineer. Mr. Wu has over 20 years of experience in gas pipeline network operation, gas. station operation and safety management. Mr. Wu was promoted to the head of the Group's safety management committee in June 2021 and was re-designated as the executive officer of the safety management committee in February 2022. In addition to supervising the safety technology department of the Company, Mr. Wu also oversees the engineering management and investment development functions of the Group. He also acts as director of certain subsidiaries of the Company. Mr. Zhi has ceased to act as the chairman of the nomination committee of the Company. Mr. Li, an executive Director and the Chairman, has been appointed as the chairman of the Nomination Committee in replacement of Mr. Zhi. Announcement • Nov 05
Beijing Gas Blue Sky Holdings Limited Appoints Li Xianning as Chief Financial Officer The board of directors of Beijing Gas Blue Sky Holdings Limited announced that Mr. Li Xianning ("Mr. Li") has been appointed as chief financial officer with effect from 3 November 2023. Mr. Li Xianning, aged 37, joined the Group in October 2020 as the assistant of Chief Executive Officer and the financial controller of Finance Department of the Group where he was mainly responsible for the Group 's comprehensive budget management, debt response and financial management. He obtained a Master of Business in Corporate Management from the China Agricultural University June 2010 and a Doctor of Management in Agricultural in Economy from the Graduate School of the Chinese Academy of Social Sciences (currently known as University of Chinese Academy of Social Sciences in June 2015.) Prior to joining the Group, from August 2015 to September 2020, Mr. Li served as the finance supervisor of finance department of Beijing Gas Group Company Limited ("Beijing Gas Group") (which is the controlling shareholder of the Company as at the date of this announcement), where he was primarily responsible for the fund management and budget management of the finance department of Beijing Gas Group. Announcement • Nov 04
Beijing Gas Blue Sky Holdings Limited Announces Executive Changes The board of directors of Beijing Gas Blue Sky Holdings Limited announced that Mr. Li Xianning ("Mr. Li") has been appointed as an executive Director and a member of the executive committee of the Board with effect from 3 November 2023. Mr. Li Xianning, aged 37, joined the Group in October 2020 as the assistant of Chief Executive Officer and the financial controller of Finance Department of the Group where he was mainly responsible for the Group 's comprehensive budget management, debt response and financial management. He obtained a Master of Business in Corporate Management from the China Agricultural University June 2010 and a Doctor of Management in Agricultural in Economy from the Graduate School of the Chinese Academy of Social Sciences (currently known as University of Chinese Academy of Social Sciences in June 2015.) Prior to joining the Group, from August 2015 to September 2020, Mr. Li served as the finance supervisor of finance department of Beijing Gas Group Company Limited ("Beijing Gas Group") (which is the controlling shareholder of the Company as at the date of this announcement), where he was primarily responsible for the fund management and budget management of the finance department of Beijing Gas Group. Announcement • Sep 23
Beijing Gas Blue Sky Holdings Limited Announces Board Changes The board of directors of Beijing Gas Blue Sky Holdings Limited announced that Mr. Chen Ning has tendered his resignation as an executive Director to the Board with effect from 22 September 2023 due to Mr. Chen's work adjustment with the Company's controlling shareholder, Beijing Gas Group Co. Ltd. Following the resignation as an executive Director, Mr. Chen will cease to be a member of the executive committee of the Board. The Board also announced that with effect from 22 September 2023: Mr. Yeung Shek Hin, an executive Director, has been appointed as the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; and Mr. Chen ceased to be the Authorised Representative. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: HK$0.001 (vs HK$0.002 in 1H 2022) First half 2023 results: EPS: HK$0.001. Revenue: HK$1.19b (up 30% from 1H 2022). Net income: HK$32.3m (up 62% from 1H 2022). Profit margin: 2.7% (up from 2.2% in 1H 2022). Announcement • Aug 22
Beijing Gas Blue Sky Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Beijing Gas Blue Sky Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the six months, the group expected that the profit for the Period recorded by the Group would increase by approximately 120% to 150% as compared to the corresponding period in 2022. Based on the information currently available, the expected increase in the Group's profit for the Period is mainly due to (i) the increase in revenue in the Period as compared to the corresponding period in 2022; (ii) the decrease in recognition of legal and professional fees during the Period as compared to the corresponding period of last year, as the expenses for the relevant professional services for the resumption of trading in the shares of the Company have been recognized by the Group in the corresponding period of 2022 and such expenses incurred are non-recurring items; and (iii) the decrease in administrative expenses as a result of the continuous implementation of cost reduction and efficiency enhancement during the Period. Announcement • Aug 12
Beijing Gas Blue Sky Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Beijing Gas Blue Sky Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.001 (vs HK$0.021 loss in FY 2021) Full year 2022 results: EPS: HK$0.001 (up from HK$0.021 loss in FY 2021). Revenue: HK$1.61b (down 7.0% from FY 2021). Net income: HK$18.6m (up HK$294.0m from FY 2021). Profit margin: 1.2% (up from net loss in FY 2021). Announcement • Dec 31
Beijing Gas Blue Sky Holdings Limited announced that it has received HKD 800 million in funding from Beijing Gas Company Limited On December 30, 2022, Beijing Gas Blue Sky Holdings Limited closed the transaction. Board Change • Nov 17
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Non-Executive Chairman of the Board Xiaoye Zhi is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianwen Xu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 17
Beijing Gas Blue Sky Holdings Limited Appoints Mr. Wu Haipeng as Executive Director and Member of the Executive Committee of the Board The board of directors of Beijing Gas Blue Sky Holdings Limited announced that Mr. Wu Haipeng (Mr. Wu) has been appointed as an executive Director of the Company and a member of the executive committee of the Board with effect from 16 November 2022. Mr. Wu Haipeng, aged 47, joined the Group in February 2021 as a vice president of the Group where he was mainly responsible for the Group's safety management. He obtained a bachelor's degree in industrial automation from Daqing Petroleum Institute (currently known as Northeast Petroleum University) in July 1998 and a master's degree in gas engineering and management from MINES ParisTech in October 2011 and is a senior gas engineer. Mr. Wu has over 20 years of experience in gas pipeline network operation, gas station operation and safety management. Mr. Wu was promoted to the head of the Group's safety management committee in June 2021 and was re-designated as the executive officer of the safety management committee in February 2022. In addition to supervising the safety technology department of the company, Mr. Wu also oversees the corporate management planning, engineering management and investment development functions of the Group. Prior to joining the Group, from 1998 to 2018, Mr. Wu held various engineering positions in Beijing Gas Group Company Limited (which is the controlling shareholder of the Company as at the date of this announcement) and its subsidiaries with his last position as assistant manager of operations and dispatch centre between 2009 and 2018. From October 2018 to February 2021, Mr. Wu served as the assistant manager of the investment center of Beijing Gas Group and was primarily responsible for legal, financial and auditing functions. During his tenure as the assistant manager, Mr. Wu was responsible for formulating the legal and audit policies, enhancing risk control measures on investment projects and implementing various rules and regulations on internal audit and contract management. He also cooperated with the regional project teams and participated in the preliminary assessment, due diligence, economic evaluation, risk analysis, project negotiations, contract drafting, contract management and internal audit of various investment projects. Announcement • Nov 16
Beijing Gas Blue Sky Holdings Limited Appoints Shao Dan as A Non-Executive Director The Board of Beijing Gas Blue Sky Holdings Limited to announce that all the proposed resolutions set out in the Notice were duly passed by the Independent Shareholders by way of poll at the SGM held on 15 November 2022. To elect Mr. Shao Dan as a non-executive Director, the appointment which shall take effect upon the completion of the Subscription Agreement. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.002 (vs HK$0.003 in 1H 2021) First half 2022 results: EPS: HK$0.002 (down from HK$0.003 in 1H 2021). Revenue: HK$919.3m (down 24% from 1H 2021). Net income: HK$20.0m (down 50% from 1H 2021). Profit margin: 2.2% (down from 3.3% in 1H 2021). Announcement • Aug 16
Beijing Gas Blue Sky Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 Beijing Gas Blue Sky Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Board Change • Jul 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Non-Executive Chairman of the Board Xiaoye Zhi is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Jianwen Xu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
