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Investor Presentaiton

Latest Benchmark City-gate Price ENN 新奥 Province From 1 April 2015 From 20 Province From 1 April 2015 From 20 November 2015 onward November 2015 onward Unit: RMB (RMB/m³ Incl. 13% VAT) Henan 2.71 2.01 Beijing 2.70 2.00 Hubei 2.66 1.96 Tianjin 2.70 2.00 Hunan 2.66 1.96 Hebei 2.68 1.98 Guangdong 2.88 2.18 Shanxi 2.61 1.91 Guangxi 2.71 2.01 Inner Mongolia 2.04 1.34 Hainan 2.34 1.64 Liaoning 2.68 1.98 Chongqing 2.34 1.64 Jiling 2.46 1.76 Sichuan 2.35 1.65 Heilongjiang 2.46 1.76 Guizhou 2.41 1.71 Shanghai 2.88 2.18 Yunnan 2.41 1.71 Jiangsu 2.86 2.16 Shaanxi 2.04 1.34 Zhejiang 2.87 2.17 Gansu 2.13 1.43 Anhui 2.79 2.09 Ningxia 2.21 1.51 Jiangxi 2.66 1.96 Qinhai 1.97 1.27 Shandong 2.68 1.98 Xinjiang 1.85 1.15 Source: NDRC 27
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