Yongxing Project Overview and Xinyuan Project Investment Highlights slide image

Yongxing Project Overview and Xinyuan Project Investment Highlights

Changrun Project hear 韩保 Gaoyang City 它 保定市, 二村 邢果庄村 津石高速 津石高速 G0211 后柳滩村 高速 津石高速 西龙化村 庞庄村 ·齐王庄 G0211 野王村 G1812 <高阳县 庄镇 隆合庄村 孟庄村 津石高油 邢家南龍 Changrun Project BEMALEN 王福村 -延福屯村 贺家庄村 万安镇 北郭丹销 苏果庄村 S 刘铭庄村 高義路 南宗村 大百尺销 北白機村 握纽庄村 周家营村 南沙口村 西子口村 保沧路 大广高速 沧榆高速 G1812 高佐村 庞佐乡 湘村 大团 北窝头村 西柳村 Investment: Total investment of RMB934 million, secured by RMB434 million in project equity. About Changrun Project - Phase 1: Location: Gaoyang, Hebei (supplies 1/3 of household textiles in the whole of China). Capacity: 2×220t/h (steam) +2×25MW (electricity). Pipeline network: ~50 km in length. Customer mix: >70 captive customers. Recently acquired the exclusive right to supply steam to Sanli for 25 years. Project Highlights Solid business fundamentals: ✓ Added sales of electricity to complement steam from 2018. ✓ Sludge incineration project passed "Project Environmental Completion Acceptance" assessment and went into operation smoothly in 2020 Sustainable business model: ✓ Exclusive centralized steam supplier: 30-year concession + first right to renew. ✓ "Zero waste” circular economy model: Treated waste water is used to generate steam, while plant waste outputs are sold to external factories. ✓ Ultra-low emissions. High IRR: double-digit investment returns. 22
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