[Zhenzhuo HK Stock Market Trends] Binhai Investment (02886.HK) gains support from Tianjin TEDA and Sinopec Natural Gas, signs new strategic cooperation agreement to deepen clean energy layout

On March 4, 2026, Binhai Investment (02886.HK), one of China's leading clean energy operators, announced that its largest shareholder, Tianjin TEDA, and its second-largest shareholder, Sinopec Natural Gas, have officially signed the "Framework Agreement on Further Deepening Strategic Cooperation to Support the Company's Development" ("New Framework Agreement").

Since establishing the strategic cooperation agreement in 2022 and 2023, Tianjin TEDA and Sinopec Natural Gas have achieved significant results in areas such as gas supply security, financial support, gas storage capacity construction, and the implementation of the "Double Hundred Policy," laying a solid foundation for Binhai Investment's sustained growth. The New Framework Agreement will further leverage the resource, industrial, and regional advantages of both parties to jointly promote the Group's development in the natural gas and integrated clean energy sectors.

The main contents of this New Framework Agreement primarily revolve around the following key directions:

1. Gas Source Support and End-User Market Scale Expansion: Sinopec Natural Gas will provide a stable gas supply and competitive gas prices to jointly expand the end-user market scale. Tianjin TEDA will support Binhai Investment in strengthening its function as its main end-user sales platform, expanding market share, and jointly promoting market integration and expansion.

2. LNG Receiving Terminal Usage and Storage Support: As a shareholder of Sinopec Tianjin LNG, Binhai Investment, within the scope of its equity rights and interests, will enjoy the same preferential conditions as Sinopec Natural Gas in terms of terminal processing fees, LNG storage services, and LNG bonded transshipment, further enhancing its storage and transportation guarantee capabilities.

3. Regional Gas Market Integration: Both parties will support Binhai Investment in focusing on the Tianjin Binhai New Area and surrounding regions, promoting the interconnection of regional gas networks and resource integration through methods such as equity investment, asset restructuring, and operational collaboration, aiming to create an "integrated network" operational structure.

4. Cooperation on Integrated Clean Energy Utilization Projects: Sinopec Natural Gas supports Binhai Investment in expanding investment and operation in integrated energy projects such as new energy, geothermal, distributed energy storage, and biomass. Tianjin TEDA will leverage its advantages in integrated urban development to collaborate with Binhai Investment in building a comprehensive energy service system.

5. Collaborative Research on Carbon Asset Management: Tianjin TEDA and Sinopec Natural Gas support the Group in conducting research and capacity building for a carbon asset management system, exploring a full-process management mechanism covering carbon asset development, trading, compliance, and information disclosure, to enhance the Group's professional capabilities and value realization in the carbon market.

6. Increased Investment and Strategic Synergy: Under the premise of compliance with state-owned asset management and securities regulatory rules, Sinopec Natural Gas agrees to increase investment and strategic resource allocation, and Tianjin TEDA will also provide support to strengthen the Group's core capital competitive advantages and sustainable development capabilities.

Binhai Investment stated that the New Framework Agreement demonstrates the confidence and support of the two major shareholders in the company's long-term development. In the future, the two major shareholders, centered on the Group's strategic goals, will strengthen the Group's core competitiveness in industrial integration, end-user market scale expansion, clean energy layout, and low-carbon capacity building through continuous increases in investment and strategic resource synergy, thereby further enhancing the Group's scale and industry influence, and solidifying its role as a strategic platform for both parties in areas such as natural gas and integrated clean energy utilization. Binhai Investment will continue to deepen industrial synergy and expand its clean energy footprint, consolidating its position as an important strategic platform for its shareholders in areas such as natural gas and integrated clean energy utilization, to create greater value for shareholders.