Binhai Investment (02886) plans to increase the capital of Sinopec LNG by 4.4 million yuan according to the shareholding ratio

Zhitong Finance App News, Binhai Investment (02886) announced that on December 24, 2025, Binhai Investment (Tianjin), a wholly-owned subsidiary of the Company, signed a capital increase agreement with Sinopec Natural Gas to increase the registered capital of Sinopec LNG on a proportional basis. According to this, Sinopec Natural Gas agreed to invest RMB 216 million, while Binhai Investment (Tianjin) agreed to invest RMB 4.4 million to inject the registered capital of Sinopec LNG in cash. The additional registered capital to be injected into Sinopec's liquefied natural gas under the capital increase is to fund Sinopec's liquefied natural gas construction projects to expand its liquefied natural gas business.

Binhai Investment (Tianjin) and Sinopec Natural Gas currently hold 2% and 98% of Sinopec's LNG shares respectively. After the capital increase is completed, Binhai Investment (Tianjin) and Sinopec Natural Gas will continue to hold 2% and 98% of Sinopec's LNG shares.

The purpose of the capital increase is to raise funds for Sinopec LNG's capital requirements for construction projects. The additional registered capital to be injected into Sinopec's liquefied natural gas under the capital increase is to fund Sinopec's liquefied natural gas construction projects to expand its liquefied natural gas business.

Among them, the additional registered capital will be used for Sinopec's LNG Phase III construction project. The construction project consists of several stages. The first phase involves the storage of liquefied natural gas, including the addition of five liquefied natural gas storage tanks, loading facilities and supporting facilities of about 270,000 cubic meters. Part of the capital from the additional registered capital will be used to advance this phase of construction. The second phase involves a heat and cold exchange station, including the addition of a heat and cold exchange device and supporting facilities capable of processing 390 tons of medium per hour for the heat and cold exchange supply for the Tianjin Nangang Ethylene Project. The project also involves the recycling of light hydrocarbons, including the construction of a new light hydrocarbon separation plant and supporting facilities to process about 2 million tons of light hydrocarbons per year. The remaining funds from the additional registered capital will be used to obtain land use rights for the project. After the completion of the third phase of the project, plus the completion of the first and second phases of the project, the total transportation capacity of the Sinopec LNG receiving station will reach about 11.65 million tons per year.

Binhai Investment (Tianjin) participated in this capital increase as a shareholder, which is beneficial to the development and construction of Sinopec's liquefied natural gas investment projects, and helps Binhai Investment (Tianjin) obtain resource support for Sinopec's liquefied natural gas receiving station.

Furthermore, Sinopec's liquefied natural gas has gas storage capacity. Currently, Sinopec's liquefied natural gas has a gas storage capacity of about 1,088 million cubic meters, of which Binhai Investment (Tianjin) has a peak gas storage capacity of about 21.76 million cubic meters. Sinopec's LNG Phase III construction project will further expand Binhai Investment (Tianjin)'s gas storage and peak shifting capacity. Binhai Investment (Tianjin)'s participation in the capital increase ensures that its shares in Sinopec's liquefied natural gas are not diluted, thereby guaranteeing the Group's own gas storage and peak shifting capacity.