Subsequent events

" On 18 June 2025, 2 July 2025 and 24 July 2025, the Group&rsquo s subsidiaries, Rushan Zhong Huan Natural Gas Co., Ltd., Hai Yang Zhong Huan Natural Gas Co., Ltd. and Weihai Nanhai Zhong Huan Natural Gas Co., Ltd., held through HZLH, were liquidated, respectively.

No proceeds were received from the liquidations, and the derecognition of the subsidiaries resulted in no material gain or loss to the Group."


Streamlining The Group' s Structure.

More Corporate Actions Coming For HZLH??

Btw, Renaissance United & HZLH Company' s Website Had Been Down For Months, Maybe Got New Website Coming.





 

 

" Hubei Zonglianhuan Energy Investment Group Inc.

Infrastructure and operational efficiency

The Group is a mature operator, with the bulk of its gas network infrastructure already constructed and financed. Future capital expenditure is expected to relate primarily to new industrial connections and safety enhancements, and is likely to be funded through internally generated cash flows. The Group is currently completing a pipeline between Xiaochang and Anlu, designed to reduce transmission costs associated with third-party infrastructure and support increased industrial demand. In partnership with local governments, the Group has implemented an Intelligent Monitor System to improve grid management and roll out smart gas meters that enhance accuracy and reduce manual intervention."

The net asset value per share is S$0.003 in FY25 (FY24: S$0.004) and the total issued share capital of the Company is 6,180,799,986 (FY24: 6,180,799,986) ordinary shares.

Trading At 70% Discount To Its NAV, Compared To Others Having Negative Equity.

6 Billion Shares For A Micro-Penny Is Not Too Alarming, Compared To Numerous Other Micro-Pennies Having Tens Of Billions Of Shares.

Outlook

As disclosed in the Company' s last quarterly update released on 1 April 2025, the Group believes that the Proposed Geographical Expansion and the Proposed Property Business Diversification will enhance its property development and sales business. These initiatives will broaden the Group' s horizons by the diversification of its current scope to include the  development of commercial properties and distribution of home interior products and services  the Group hopes to realise the following benefits from the expansion and diversification:

Capture opportunities.    The nature of the real estate and property business is dynamic, where prompt investment decisions are required. The selected new markets are characterised by their growing economies and/or vibrant, albeit mature, real estate sectors, offering opportunities for the  generation of new and sustainable revenue streams through rental income, capital appreciation and the provision of property-related services.  This strategic move is aimed at positioning the Group for a more robust and sustainable future.

Wider network of contacts and opportunities.  Entering the new markets may also bring with it new contacts, clients, and business opportunities, which, in turn, bring further opportunities for other businesses, including  sustainable and green businesses for the Group to consider and enter into, with shareholders' approval, if it should come to pass.

Maintain industry relevance.  The real estate and property industry is constantly evolving, especially after the COVID-19 pandemic. Expanding its geographic reach will help the Group stay relevant and competitive, and  capitalise on new trends, such as smart and sustainable homes and offices,  with eco-friendly features, or homes with dedicated workspaces or flexible layouts that can be adapted into workspaces, or  the tiny living movement.

Mitigate risks:  By operating in a broader range of markets,  the Group lessens its dependence on any single location and its potential economic fluctuations. From a macro-economics and geo-political perspective, trade tariffs imposed by the United States continue to weigh on business sentiments and world trade, and recent escalation of conflicts in the Middle East between Israel and Iran have added to further uncertainty for businesses, especially those with cross-border operations. At the current time, the Board is unable to assess the risks the Group may face as a result.
 

Strategic Initiatives

As disclosed in the Company' s quarterly announcement released on 1 April 2025, to address the financial challenges and meet the requirements for removal from the watch-list, the Company implemented several strategic initiatives, namely:

The Exclusive Marketing Agreement:

This agreement with Maxstar, under which Renaissance United Washington, LLC ( RUW ), a wholly owned subsidiary of the Company, was  appointed exclusive marketing agent for the marketing and distribution of Maxstar' s custom kitchen furniture in the USA  was an initiative to generate an additional revenue stream for the Group.


The Pelangi Acquisition:

This development is in the final completion stage and the Company understands from the developer SP Setia Berhad that it will take possession of the strata title within the next 3 months. The Company will make an announcement as and when this takes place.    The Company has already signed a tenancy agreement to lease out the top 3 floors of the building and has received numerous enquiries for the bottom floor.


 

Expansion into new markets and diversification of property business

The circular for the Proposed Geographical Expansion and Proposed Property Business Diversification of the Group& rsquo s property business is still pending clearance by the SGX Regco.  Once the circular is ready for dissemination, the Company will make an announcement and notify shareholders of the date an extraordinary general meeting will be held.
 

Excerp From AR2025

Hubei Zonglianhuan Energy Investment Group Inc. ( HZLH )

As announced on 12 August 2025, Anlu, Dawu and Xiaochang have implemented new residential pricing policies which, facilitate increases based on periodic reviews of upstream gas prices amongst other costs. It is expected that  Guangshui which is under the different authority of Suizhou will follow shortly. 

As Artificial Intelligence and Automation become increasingly significant in our daily lives, the reliability of components such as chips becomes more demanding. Burn-in testing is a key part of the design supply chain and  ESA is working with its global customers to provide solutions to more complex chip advancements.

 

The annual report for the financial year ended 30 April 2025 and other documents accompanying the Notice will also be made available on SGXNET and the Company&rsquo s website. Physical copies of the annual report will not be posted to members, unless requested for by members.

NOTICE IS HEREBY GIVEN that the Annual General Meeting (the &ldquo AGM&rdquo ) of the Company will be convened and held on  29 August 2025 at 11:00 a.m. at York Hotel, 21 Mount Elizabeth Road, Singapore 228516, Rose Room I, Level 1.
 

1) MaxStar - No Production Cost, Profits From Margin As Exclusive Distributor In USA.

2) Pelangi Shophouse - Recurring Monthly Rental Income As Landlord.

3) ESA Electronics - Zero Capex, Self-Funded Operations. Possible Candidate For Disposal To Raise Cash For New Property Business.

4) Capri Investment LLC - Potential Land Sales.

5) Renaissance United Limited -  Proposed Expansion Into New Market And Diversification Of Property Business.

Likely To Announce Annua Report - On or Before 15 August + Circular For Business Expansion!

First Quarter Results - On Or Around 14 September.

UPDATE ON RESIDENTIAL GAS PRICES CHARGED BY HUBEI ZONGLIANHUAN ENERGY INVESTMENT GROUP MANAGEMENT INC (&ldquo HZLH&rdquo ) 

The Board of Directors of Renaissance United Limited (the &ldquo Company&rdquo ) is announcing that the local authorities in its Anlu and Dawu concessions in China have implemented the new gas pricing policy as issued by China&rsquo s National Development and Reform Commission.

The implementation of the new policy is expected to have a positive material impact on the financial performance of HZLH and the Group.

HZLH' s local management has informed the Company that the anticipated new pricing for Anlu (its largest residential customer base by volume) became effective on 10 August 2025. For Dawu, the new pricing will take effect on 20 August 2025. As noted in the Company' s announced unaudited financial results for the last financial quarter, new pricing for Xiaochang was implemented in April 2025 however, the new pricing for Guangshui is still unconfirmed. 

Historically, the prices HZLH could charge for residential gas were subject to review by local governments and were not linked to any seasonal increases in purchase costs by HZLH. The new policy, with increased prices for residential supply, is expected to enable the Group better manage its operations as the new pricing policy takes into consideration HZLH&rsquo s upstream gas purchase costs with periodic reviews.

For Pricing Revision, Please Refer To The SGX Announcement

 

(ii) how the Company intends to fulfil its significant payment obligations, other than borrowings, in the next 12 months.

The Company' s response:

(ii) For HZLH Group, the Board believes the operational cash flow is sufficient to meet payments as and when they fall due as  supported by cash flow from HZLH' s customers who pay for gas in advance.

As announced, the Company& rsquo s wholly owned subsidiary, Renaissance United Washington, LLC ( RUW ) and Maxstar International Sdn. Bhd. ( Maxstar ) signed an exclusive marketing representative agreement in June 2024 to appoint RUW as Maxstar' s exclusive representative in the United States of America, the subsidiary is expected to generate future positive cash flows for the Group.