The Historical Evolution of Baotou Huazi Industrial Co., Ltd.

Baotou Huazi Industrial Co., Ltd. (hereinafter referred to as "the company") was approved to be established on1February 16, 2006 (1998)1DecreeNo. 15 of the People's Government of Inner Mongolia Autonomous Region on July 29, 1998. Baotou Grassland Sugar (Group) Co., Ltd., as the main sponsor, together with Baotou Pioneering Economic and Technological Development Company and Baotou Beipu Industrial Co., Ltd., approved by China Securities Regulatory Commission (ZJ F Zi (1998) No.276 and No.277), publicly issued 70 million A shares to the public. In 20 14, The registered capital of the company is RMB 240 million. 1998 12 10 shares were officially listed and traded on the Shanghai Stock Exchange.