BGBS Announces Positive Profit Alert and Expects to Record an Increase in Net Profit for the Year of 2018

HONG KONG, CHINA�- Media
OutReach - 13 March 2019 – Beijing Gas Blue Sky Holdings
Limited
(“the Company” or “Beijing Gas Blue Sky”, together with its
subsidiaries, the “Group”, HKSE stock code: 6828) is pleased to
announce that, the Group is expected to record an increase in net profit for
the Year 2018 as compared to the net profit for the year ended 31 December
2017. Such increase was mainly attributable to (i) the increase in the revenue
and gross profit from the natural gas business of the Group; (ii) the gain on
bargain purchase on acquisition of an associate; and (iii) the increase in the
share of profit of an associate during the Year 2018.

 

Mr. Tommy
Cheng, Co-Chairman and Executive Director of the Group said that “The Group will closely
follow the policy guidance of the PRC, actively explore industry and market
opportunities, and leverage its own advantages to seize market opportunities
arising from ‘coal-to-gas’ and ‘industrial transformation’, in turns to maximize returns to our shareholders
and investors.”

About Beijing Gas Blue Sky Holdings Limited

Beijing Gas Blue Sky Holdings
Limited (“Beijing Gas Blue Sky”, HKSE stock
code: 6828) is an integrated natural gas provider, distributor and operator,
with an emphasis on the midstream and downstream natural gas development. Our
natural gas business includes: (i) construction and operation of compressed
natural gas (“CNG”) and liquefied natural gas (“LNG”) refueling stations for
vehicles; (ii) construction of natural gas pipelines and operation of city gas
projects by providing piped gas; (iii) direct supply of LNG to end-users; and
(iv) trading and distribution of CNG and LNG.

 

The Group has adapted to the
“One Belt One Road” policy, and focus on operating and investing natural gas
business. The Group is actively expanding its business development and
distribution, as well as continues to gradually expanding the scale of
operations. Currently, the Group has business presence in several provinces in
Northeast China, East China, Central South China and Southwest China, including
Liaoning Province, Jilin Province, Shandong Province, Shanxi Province, Anhui
Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province
and Hainan Province, etc. The Group is committed to its vision: “develop
clean energy, enhance customer value, create a beautiful blue sky”. In the
future, it will continue to actively investing and developing natural gas
business, as well as participating in the development of natural gas industry
value chain.