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Blue Flame Holdings: Signed an addendum agreement with Huaxin Gas, raising the equity management proportion to 85%

2026-07-17 00:56:02

Lanyan Holdings announced that, in 2024, the company previously entered into an 《Equity Custody Agreement》 with Huaxin Gas, under which it was entrusted to manage 51% of the Huaxin coal-to-gas held by Huaxin Gas. In September 2025, Huaxin Gas’s shareholding proportion increased to 85%. To more effectively avoid competition within the same industry, the company held a board meeting on July 13, 2026, which approved the signing of a supplemental agreement with Huaxin Gas to amend the custody subject to 85% of the Huaxin coal-to-gas held by Huaxin Gas. The custody fee remains 110,000 yuan per year, to be paid by Huaxin Gas.

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