Beijing Gas Blue Sky Holdings Limited (Beijing Gas Blue Sky, 6828) has announced an update regarding a lawsuit filed by three Claimants—Mr. Li Lianjing, Mr. Li Ruifeng, and Ms. Yang Cuiling—against Hill Hero Limited (D1), Shenzhen Hanlong Technical Service Co., Ltd. (D2), and Beijing Gas Blue Sky. The statement of claim received on 22 January 2026 alleges that the Claimants, as original shareholders of a target company, entered into an Equity Transfer Agreement in 2018 under D1’s name, with D2 being described as a subsidiary of D1 and Beijing Gas Blue Sky identified as the ultimate controller. The Claimants claim only partial payment of the consideration owed under the agreement.
The Claimants are seeking continued performance of the Equity Transfer Agreement, payment of RMB161.8 million, a penalty for alleged breach, and associated legal costs. In response, Beijing Gas Blue Sky maintains that D1 and D2 are independent third parties and that Beijing Gas Blue Sky is not their ultimate controller. It reports engaging legal advisers to defend the case and notes no material impact on its routine operations. The final outcome remains uncertain, with the company continuing to assess potential financial implications.
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