PDF《中国燃气控股有限公司*》

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA GAS HOLDINGS LIMITED 中国燃气控股有限公司* (Incorporated in Bermuda with limited liability) (Stock Code: 384) ANNOUNCEMENT PURSUANT TO RULE 13.09(1) OF THE LISTING RULES Reference is made to the announcement made by the Company on

24 December 2010. The Company has recently received further information about the Incident from the PRC Legal Counsel. According to the preliminary enquiry made by the PRC Legal Counsel, Mr. Liu and Mr. Huang have been detained for investigation by the Shenzhen PSB since

18 December

2010 for suspected "embezzlement of the assets of an organisation in which they have duties" (职务侵占罪). The Company has been advised by the PRC Legal Counsel that, according to PRC law, such offence may be committed by any person who misapprorpirates the assets of an organisation by virtue of abusing his position held in that organisation. However, so far as the Board is aware, the Company has not filed any report or complaint with government authorities in the PRC against Mr. Liu or Mr. Huang, no records or files of the Group have been confiscated and none of the members of the Group have been investigated or notified of any investigation by any governmental authorities in the PRC in relation to such matter. Since the Shenzhen PSB has not permitted the PRC Legal Counsel to make contact with Mr. Liu or Mr. Huang, the Company is unable to obtain further information directly from Mr. Liu and Mr. Huang about the Incident. The Company will continue to make necessary enquiries regarding the Incident and will make a further announcement in accordance with the Listing Rules as and when there is any relevant update or development. Since receipt of further information about the Incident as described above, the Company has conducted a preliminary internal review of its recent cash and funds position and no indication of any irregularities involving recent material movement of cash or funds have been brought to the attention of the Company. The net proceeds received by the Company from the placings described in the announcement made by the Company on

25 October

2010 have not yet been utilized and are currently being held in the Company's bank accounts in Hong Kong. In addition to the preliminary internal review, the Company has retained and instructed a reputable international accounting firm to carry out an independent financial review to assess (i) the status of the Company's cash position based on its most up-to-date management accounts and bank statements;

and (ii) the Company's key internal controls procedures. At the request of the Company, trading in the Shares has been suspended with effect from 9:30 a.m. on

20 December

2010 pending the release of a further announcement on the Incident. Trading in the Shares in the Company will remain suspended until further notice.

2 Reference is made to the announcement made by China Gas Holdings Limited (the "Company") on

24 December

2010 (the "Announcement"). Unless the context requires otherwise, terms used in this announcement shall have the same meanings as defined in the Announcement. As mentioned in the Announcement, the Company has been trying to gather more information about the Incident through different channels, including family members of Mr. Liu and Mr. Huang and the relevant governmental authorities in the PRC. As part of those efforts, the Company has engaged PRC legal counsel (the "PRC Legal Counsel") in respect of this matter. According to the preliminary enquiry made by the PRC Legal Counsel with the Shenzhen Municipal Public Security Bureau (the "Shenzhen PSB"), Mr. Liu and Mr. Huang have been detained for investigation by the Shenzhen PSB since