09:44     SINOGAS<00260> - Announcement & Resumption of Trading (15)          

    "Global King Option"   an option attaching to each                        
    Global King Rights Share (with no additional cost other                   
    than the subscription price of the Global King Rights                     
    Shares) which entitles the holder to subscribe for a                      
    Global King Convertible Note; the Global King Option                      
    has no definite option period                                             
                                                                              
    "Global King Rights Issue"   the proposed offer of a                      
    maximum of 12,000 Global King Rights Shares,                              
    representing approximately 60% of the issued share                        
    capital of Global King as enlarged by the Global King                     
    Rights Issue, to the shareholders of Global King                          
                                                                              
    "Global King Rights Shares"   12,000 new Global King                      
    Shares (representing 60% of the issued share capital                      
    of Global King as at the date of this announcement)                       
    together with the Global King Options attached thereto                    
    to be issued to the shareholders of Global King under                     
    the Global King Rights Issue                                              
                                                                              
    "Global King Shares"   shares of US$1.00 each in the                      
    capital of Global King                                                    
                                                                              
    "Global King Subscription"   the proposed                                 
    subscription of Global King Rights Shares by Grand                        
    Corporate                                                                 
                                                                              
    "Grand Corporate"   Grand Corporate Investments                           
    Limited, a company incorporated in the British Virgin                     
    Islands, being a wholly-owned subsidiary of Sino Gas                      
    and is interested in approximately 51% and 69% equity                     
    interest in Global King before and after the Global King                  
    Rights Issue respectively                                                 
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative                        
    Region of the PRC                                                         
                                                                              
    "Independent Board Committee"   the independent board                     
    committee of Sino Gas                                                     
                                                                              
    "Irrevocable Undertaking"   the irrevocable                               
    undertaking given by CATIC to Sino Gas and the                            
    Underwriter to subscribe or procure the subscription                      
    of its or its subsidiaries' full entitlement to such                      
    number of Offer Shares under the Open Offer                               
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "LPG"   liquefied petroleum gas                                           
                                                                              
    "Non-Qualifying Shareholders"   the Sino Gas                              
    Shareholder(s) whose name(s) appear(s) on the register                    
    of members of Sino Gas on the Record Date and whose                       
    registered address(es) on that date is/are outside Hong                   
    Kong and stipulated in place(s) where, in the Sino Gas                    
    Directors' opinion (having received legal advice from                     
    lawyers in the relevant jurisdictions), it is necessary                   
    or expedient to exclude any such Sino Gas Shareholders                    
    on account either of the legal restrictions under the                     
    laws of the place of his registered address(es) or the                    
    requirements of the relevant regulatory body or stock                     
    exchange in that place                                                    
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Prospectus"   the prospectus to be issued by Sino Gas                    
    in relation to the Open Offer                                             
                                                                              
    "Prospectus Documents"   the Prospectus, the assured                      
    allotment letter and the form of application for excess                   
    Offer Shares                                                              
                                                                              
    "Qualifying Shareholders"   Sino Gas Shareholders,                        
    other than Non-Qualifying Shareholders, whose names                       
    appear on the register of members of Sino Gas as at the                   
    close of business on the Record Date                                      
                                                                              
    "Record Date"   6 July 2005, being the date by                            
    reference to which entitlements to the Open Offer will                    
    be determined                                                             
                                                                              
    "Registrar"   Tengis Limited of Ground Floor, Bank of                     
    East Asia Harbour View Centre, 56 Gloucester Road,                        
    Wanchai, Hong Kong, the share registrar of Sino Gas