HONG KONG, CHINA - MediaOutReach - 12 April 2019 -Beijing Gas Blue Sky HoldingsLimited("the Company" or "Beijing Gas Blue Sky", together with itssubsidiaries, the "Group", HKSE stock code: 6828) is pleased toannounce that, Goldlink Capital Limited, a wholly owned subsidiary of theCompany, conditionally agreed to acquire the entire issued share capital of DailyJoyous Limited ("Target Company") at a consideration of RMB205,000,000(equivalent to approximately HK$239,174,000).

The Target Company indirectlyhold 100% equity interest in Zhejiang Bo Xin Energy Company Limited ("ZhejiangBo Xin") and 51% equity interest in Guangdong Xin Te Energy Company Limited ("XinTe").

The principalbusiness of Zhejiang Bo Xin included direct supply of liquefied natural gas ("LNG")to industrial users and trading of LNG. It receives stable gas supply fromCNOOC's Zhejiang Ningbo LNG terminal and mainly distributes and supplies tolarge scale industrial users. Zhejiang Bo Xin's major sales network coversYangtze River Delta region, which is the key LNG consumption area in the PRCwith developed local economy and numerous industrial and commercialenterprises. This area has a strong market demand and the LNG consumption isexpected to have considerable growth potential in the future. Xin Te isprincipally engaged in direct supply of LNG to industrial users.

For the year ended31 December 2018, Zhejiang Bo Xin had 68 customers with sales volume ofapproximately 104,132 tons, whereas Xin Te had 23 customers with sales volumeof approximately 14,653 tons. For the year ended 31 December 2017 and 2018, ZhejiangBo Xin recorded net profit after taxation of approximately RMB13,325,000 andRMB5,583,000 respectively; Xin Te recorded net profit after taxation ofapproximately RMB1,294,000 and RMB823,000.

Upon completion ofthe Acquisition, Zhejiang Bo Xin will be renamed as Beijing Gas Blus Sky Bo XinEnergy Limited and will be engaged in the development of LNG trading anddistribution, direct supply and relevant businesses in eastern China.

Mr. TommyCheng, Co-Chairman and Executive Director of the Group said that "we believe that the Acquisition demonstrated the Group'sstrategic layout of full LNG industry chain and replenished the market shareand influence of the Group in the midstream and downstream market of the LNGbusiness in the Yangtze River Delta region, enhancing the overall LNGdistribution capacity and sales capacity of the Group. It will be easier toachieve economies of scale through increasing the total trade volume, therebyimproving the bargaining power of the Group in the upstream market.

The Acquisitionwill help the Group to achieve cooperation in the Yangtze River Delta regionwith upstream gas suppliers and terminals, coupled with the Group's establisheddistribution advantages in the Beijing-Tianjin-Hebei region and other markets,the Group will achieve its strategic planning of importing gas from overseas sourcesindependently in the future and capture more revenue under the greatopportunity of the fast-growing market of imported LNG."

In the past twoyears, the Group was committed to develop LNG business in the PRC, and has preliminarilyestablished its full LNG industrial chain advantage in terms of scale in thecountry.

In order toimplement the Group's market layout strategy of "connecting the south and thenorth" along the coast, the Group also focuses on the development of the marketin the Yangtze River Delta. The Group has established good cooperativerelationship with various upstream gas suppliers with a stable gas supply, andhas a direct supply business with large scale industrial users, forming a goodLNG sales capacity.

Meanwhile, theGroup also proactively develops overseas gas source and cooperates withstrategic investors to ensure a stable supply with favourable gas sourcingprice. As of the end of 2018, the business of the Group covers 22 provinces andcities across the country with an end distribution advantage of over 3 millionm3 per day in Beijing-Tianjin-Hebei, Pan Bohai Rim and Yangtze River Deltaregions.

About Beijing Gas Blue Sky Holdings Limited

Beijing Gas Blue Sky HoldingsLimited ("Beijing Gas Blue Sky", HKSE stockcode: 6828) is an integrated natural gas provider, distributor and operator,with an emphasis on the midstream and downstream natural gas development. Ournatural gas business includes: (i) construction and operation of compressednatural gas ("CNG") and liquefied natural gas ("LNG") refueling stations forvehicles; (ii) construction of natural gas pipelines and operation of city gasprojects 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 gasbusiness. The Group is actively expanding its business development anddistribution, as well as continues to gradually expanding the scale of operations.Currently, the Group has business presence in several provinces in NortheastChina, East China, Central South China and Southwest China, including LiaoningProvince, Jilin Province, Shandong Province, Shanxi Province, Anhui Province,Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province andHainan Province, etc. The Group is committed to its vision: "develop cleanenergy, enhance customer value, create a beautiful blue sky". In thefuture, it will continue to actively investing and developing natural gasbusiness, as well as participating in the development of natural gas industryvalue chain.