Recently, The Group signed a strategic cooperation agreement with China Urban-Rural Holding Group Co., Ltd. (hereinafter referred to as “China Urban-Rural”). Both sides will establish a comprehensive and in-depth cooperative relationship around the natural gas industry chain business and jointly develop the clean energy market.

China Urban-Rural is a wholly-owned subsidiary of the super central enterprise China Communications Construction Group Co., Ltd. (hereinafter referred to as “CCCC”). Taking this cooperation as an opportunity, The Group will give full play to its natural gas market resource advantages, combining China Urban-Rural's  advantages in port terminal design and construction, investment management, LNG terminal construction and operation, as well as international and domestic trade full industrial chain layout, etc. Leveraging the resources integration capability of CCCC, we have achieved a strong alliance in promoting clean energy scale-up and building a complete natural gas industry chain.

As a comprehensive enterprise group that takes oil and natural gas investment and development, production and sales, and international trade as its main business directions, and also involved in investment, trade, film, security, and other fields, The Group actively follows the global clean energy development trend, and deeply cultivate the natural gas industry chain business.

The signing of this strategic agreement will help The Group take advantage of its industrial resources and platform advantages, implement the spirit of the 19th Communist Party of China National Congress, implement beautiful China, rural revitalization, regional coordinated development, and other national strategies, through multi-party cooperation, strive to make due contributions to promoting the construction of "Beautiful Village".