CHINA RES GAS plans to relocate its registration to Hong Kong

China Resources Gas (01193.HK) announced that the board of directors recommends the company apply to the Companies Registry for the transfer of registration from Bermuda to Hong Kong in accordance with the Hong Kong Companies (Amendment) Ordinance 2025, and will apply for the cancellation of registration in Bermuda after obtaining the certificate of transfer of registration issued by the Companies Registry.

The company will make further announcements as soon as practicable regarding details of the proposal and other proposals related to the transfer of registration.

The board of directors believes that the group's main business operations are currently in mainland China; and Hong Kong, as an international financial center adjacent to the mainland, provides a friendly local business environment for enterprises with its legal system and tax environment. The transfer of registration can help the group manage more effectively and contribute to the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, facilitating integration into the domestic and international dual circulation. The company is already listed on the main board of the Stock Exchange and has established its main business location in Hong Kong. After the transfer of registration, it can reduce the complexity of cross-border compliance and effectively reduce the compliance burden in multiple locations. In addition, due to the tax agreements between Hong Kong and the mainland, the transfer of registration back to Hong Kong will not result in significant additional tax burdens for the company; and the transfer of registration is an important measure for the group to further root itself in Hong Kong, which can enhance local and international investors' confidence in the group and deepen the connectivity with the mainland capital market