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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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Shaanxi

Operations in Shaanxi: Shaanxi Future Energy and Chemical Co., Ltd. was established in February 2011. It operates the 1 million tons per year coal indirect liquefaction demonstration project and the supporting Jinjitan Coal Mine. The coal liquefaction project owns a coal liquefaction unit with the largest unit production capacity in China. The Company is China’s only enterprise that masters both low-temperature and high-synthesis technologies. Among them, the high-temperature FT synthesis technology produces high-end fine chemicals products such as polyolefins, lubricating base oils, high-carbon alcohols and octane, which is produced firstlyin China. Jinjitan Coal Mine is a both flagship and demonstration mine in China,featuring a technology advanced and intelligent mining. According to Chinese national standards, itsgeological reserve is 1.827 billion tons, the designed recoverable reserve 898 million tons, and the coal production capacity 17 million tons per year.

Xibei Mining: The headquarters is located in Xi'an City, Shaanxi Province, and it was established in December 2021, being mainly engaged in coal mining, coal washing, processing and sales. It mainly operates 10 production mines, including Gaojiabao Coal Mine, Shaozhai Coal Mine, Wuju Coal Mine, Tingnan Coal Mine, Yangjiacun Coal Mine, Yongming Coal Mine, Daheng Coal Mine, Wangtian Coal Mine, Bayangole Coal Mine and Liu Yuanzi, with 4 coal mines under construction/intended to be constructed, including Youfang Hao, Yangjiaping, Mafuchuan and Maojiachuan, with a total approved production capacity of 61.05 million tons/year.