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Investor Presentaiton

Favorable Industry Policies Establish an Ecologically-balanced Society "The Opinion on Advancing the Establishment of Ecological Civilization" requires local governments to take stringent measures to improve the quality of air, water and soil. Coal-to-gas Conversion ENN 新奥 "400,000 steam tonnes of obsolete coal-fired boilers should be phased out in 2018. The demand for natural gas for "coal-to-gas" projects will reach 112 billion m3 by 2020." Nation-wide Fuels Upgrade The State Council required nationwide application of National Standard V gasoline and diesel by January 2017, one year earlier than the previous plan of January 2018. Higher Emission Standards for Ships "Threshold and Measurement of Emitted Pollutants from Vessel Engines (Phase I & II)" listed out the mandatory requirements for vessel emission standards. Market Liberalisation 2
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