Recently, The Group and Strait Energy Industry Fund (Xiamen) Co., Ltd. (hereinafter referred to as“Strait Energy Industry Fund”) signed a strategic cooperation agreement.The two sides will carry out in-depth cooperation in investment and financing of oil, natural gas and comprehensive energy.

Strait Energy Industry Fund focuses on the mixing state-owned enterprises and industrial coordination by managing a fund scale of up to ten billion. The Group has deeply developed in the energy chemical industry and industrial investment field for many years accumulating rich industrial resources. It will make full use of the strong capital operation ability and rich investment and financing experience of Strait Energy Industry Fund by signing the agreement to seek development in the energy industry and investment and financing field, and further improve its strategic layout.

The Group takes Strait Energy Industry Fund as an important long-term partner. In the future, the two sides will make full use of their professional advantages in the spirit of complementary advantages and sharing resources to achieve the goal of boosting real economy by the financial support and reach a higher level of strategic cooperation.