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Yankuang Energy fully implements the New Development Philosophy, seek both external and internal improvement, and pay equal emphasison industrial operation and capital operation, fostering five major industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics, and building three major operating bases of Shandong, Shaanxi &Inner Mongolia and Australia. Looking ahead, it will work to achieve an annual coal production capacity of 300 million tons in 5-10 years, and build more than 8 green and intelligent mining coal mines each with a production capacity ofover 10 million tons.The annual output of chemicals products will exceed 20 million tons. The vision is to realize 3million kW of installed capacity of wind and solar power by the end ofthe “fourteenth five-year plan” (2021-2025), and 10million kW in 5-10 years.

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Shanxi

Operations in Shanxi: Shanxi HeshunTianchi Energy Co., Ltd. is located in Heshun County, Jinzhong City of Shanxi Province. In July 2003, it was co-invested and reorganized by the former Yankuang Group Shanxi Neng Hua Co., Ltd. and the governments of Jinzhong City and Heshun County, with a registered capital of RMB90 million. Its businesses are coal mining and deep processing of coal products. The mining area covers 18.7 km2 in total, whilethe designed production capacity is 1.2 million tons per year. It was put into production in November 2006, with a total investment of RMB600 million.