Brief introduction of Guangzhou Hengyun Enterprise Group Co., Ltd.

As one of the first listed companies in Guangzhou, Guangzhou Hengyun Group has established and improved a relatively perfect corporate governance structure in strict accordance with the requirements of laws and regulations and the principle of safeguarding the fundamental interests of investors for many years, adhered to the business philosophy of "people-oriented" and carried forward the enterprise spirit of "unity, dedication, safety and civilization". Its production scale has been continuously expanded, its core competitiveness has been continuously enhanced, its operation has been standardized, its main business has been outstanding, its asset quality has been excellent and its profit model has been clear. After four phases of construction, Guangzhou Hengyun Group has seven coal-fired cogeneration units with a total installed capacity of1170,000 kilowatts, ranking second among local power generation enterprises in Guangzhou. The company is also one of the five production and supply points of central heating heat source designated by Guangzhou Municipal Government. There are three 35t/h medium-temperature and medium-pressure circulating fluidized bed heating boilers in the east area of Guangzhou Development Zone, with an annual power generation of 8 billion kWh and a heating capacity of 300. At the end of 2007, the Group's total assets reached 4.65 billion yuan, with an output value of 2.346 billion yuan and profits and taxes of 709 million yuan (excluding non-recurring gains and losses). A factory (listed company), the core enterprise of the group, has been outstanding among the listed enterprises in the national power sector for many years, and its performance is also among the best among listed enterprises in Guangzhou. By the end of 2007, there were 754 employees in the main business of the Group (four power plants: A, B, C and D), including 406 with college education or above, accounting for 54% of the total number, with intermediate or above titles 1, 5 1, accounting for 20% of the total number.

Guangzhou Hengyun Group takes the responsibility of environmental protection, adheres to the development concept of "development, responsibility and contribution", attaches great importance to the coordination of economic benefits and social benefits, and meticulously builds a brand of "green power", taking the lead in realizing flue gas desulfurization of all coal-fired units in Guangdong Province and becoming a national and provincial environmental protection project demonstration unit. The two 300,000 kW units newly put into operation are not only equipped with complete sets of flue gas desulfurization equipment, but also the first batch of all-environmental cogeneration units in China that adopt advanced technology of bag dust removal and denitrification, achieving the goal of "high efficiency and low pollution, increasing production and reducing pollution, and cleaner production". The company has been awarded the honorary titles of "Guangdong Civilized Unit", "Guangzhou Integrity Construction Demonstration Unit", "Guangzhou Second Yangcheng Public Welfare Star", "Environmental Protection Star" and "Guangzhou Enterprise Culture Construction Advanced Unit".

Looking forward to the future, Guangzhou Hengyun Group will take "production, construction, reform and development" as the main line, "safety, efficiency and harmony" as the goal, and continue to strengthen and expand the main power industry according to the requirements of environmental protection and development. On this basis, we will actively extend the industrial chain of circular economy such as heating, environmental protection and comprehensive processing of fly ash, actively expand the development space, achieve sustained and healthy development, and contribute light and heat to the economic construction of Guangdong Province.

"Life is endless, luck is endless", Guangzhou Hengyun Group and Hengyun people are full of energy and endless motivation, and will show more heroic passion with the characteristics of the times in the new round of entrepreneurship and never stop! A new "dynamic, stable, harmonious, green, safe and sustainable development" will better repay shareholders, investors and society.