China Gas Industry Investment Holdings Co., Ltd.*(hereafter referred to as CGII)
CHINA GAS INDUSTRY INVESTMENT HOLDINGS CO. LTD. has been in operation since 2007, and the Group was the second largest industrial gas supplier in the Jing-Jin-Ji Region in terms of revenue in 2019 according to the Frost & Sullivan Report. The Jing-Jin-Ji Region, comprising Beijing, Tianjin and Hebei Province, is the largest urbanized megalopolis region in North China and the leading regional market of industrial gas in China in terms of revenue. According to the Frost & Sullivan Report, the Jing-Jin-Ji Region industrial gas market accounted for approximately 17.3% of the total industrial gas market in China in terms of revenue in 2019. Apart from the iron and steel industry which represents the largest industrial gas consumption in the Jing-Jin-Ji Region in terms of revenue, petrochemical, other chemicals and electronics record large demands for industrial gas in the Jing-Jin-Ji Region.
As such, the Jing-Jin-Ji Region represents significant potential opportunity for industrial gas suppliers to develop and grow. During the periods comprising the three years ended 31 December 2019 and the six months ended 30 June 2020 and up to 20 October 2020, the Group mainly focused on the supply of pipeline industrial gas and liquefied industrial gas. The Group also operated a relatively small-scale LNG-related business which included the supply of LNG and provision of gas transmission service.