Introduction of Xing Huayuan Shipping Co., Ltd.

Xing Huayuan Shipping Co., Ltd. is a professional shipping company under China Huadian Group, which is an important part of the group's strategy of "electricity as the main body, coal as the foundation and industrial synergy". The company is controlled by Huadian Coal Industry Group Co., Ltd., and jointly funded by Shanghai Huadian Electric Power Development Co., Ltd., Hebei Wuxing Energy Group Co., Ltd. and SDIC Far East Shipping Co., Ltd.