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Investor Presentaiton

ENN 新奥 Explore Electricity Sales Business • • PRC government implemented electricity industry reform Intended to open up the distribution and retail sales of electricity Electricity Consumption by C/I Users in 2015: Encouraged private enterprises to invest in the establishment of 4.82 trillion kWh electricity sales entities 19 provinces and regions were approved as pilot projects in 2016 Set up two JVs in Guangdong's Zhaoqing and Yunnan's Kunming with strategic partners to explore and develop electricity sales business • Fully utilize existing resources in citygas operation Offer integrated energy solutions to customers Provide new revenue stream to the Group Estimated revenue of electricity sales: RMB2.3 trillion Integrated GAS ENN 新奥 energy supply 23
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