China Energy Development Holdings Limited provided business update on the gas field at Akemomu, North Kashi Block, Tarim Basin, China. As disclosed in the Company's announcements dated 3 July 2020 and 26 August 2021, since the entering of commercial production stage of Akemomu Gas Field in October 2020 and the coming into operation of production wells and auxiliary facilities in stages, the project recorded an increase in production volume and revenue for the first half of 2021. In the second half of 2021, further new production wells commenced operation or construction at the Akemomu Gas Field, including: (1) the commencement of operation of a new well, WD-1, which was originally designed as an exploratory well and was turned into a production well due to its production of commercial gas flow; (2) the completion of drilling of a new production well, AK1-H8, which is a horizontal well, currently in the process of well completion, and is expected to be put into operation in or before the first quarter of 2022; and (3) the commencement of drilling of a new production well, AK4-1, which is a vertical well, and is expected to proceed to well completion stage and put into operation in or before the first quarter of 2022. With the commencement of operation of the above three wells, the daily peak production volume of natural gas of the project is expected to reach 3 million cubic meters.