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.”