What is the relationship between Zhangjiakou Jinhong Energy Co., Ltd. and State Reserve Natural Gas?

After the completion of this equity transfer, Zhangjiakou State Reserve Natural Gas Pipeline Co., Ltd. became a wholly-owned subsidiary of the company's subsidiary, and was the main body of the company's non-public offering project, namely the branch project of natural gas pipeline from Yingxian to Zhangjiakou. At present, the project is still in the final approval process and has not been formally implemented. After the project is completed and put into production, it will help to improve the company's natural gas transmission capacity, expand the coverage of pipe network, deepen market penetration and improve the natural gas supply and guarantee system. It will greatly enhance the company's competitive strength, profitability and anti-risk ability, and has important strategic significance for realizing the company's long-term sustainable development.