Shenzhen Qianhai Fude Energy Investment Holding Co., Ltd.

Shenzhen Qianhai Fude Energy Investment Holding Co., Ltd. (referred to as Fude Energy) was established on March 1, 2013. It is an energy and chemical enterprise initiated and wholly owned by Sino Life Insurance Co., Ltd. Registered in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in Shenzhen, Fude Energy was among the first enterprises registered after China's commercial system reform. Fude Energy's business scope includes the exploration, production, and sales of various conventional and new energy sources; investment and operation of methanol products, methanol-to-olefins and supporting projects, as well as the development and operation of related projects, and the production and sales of related petrochemical products; technical research and development, design, construction, management, and operation of energy and chemicals, along with related personnel training, consulting, and related services. As a pilot enterprise for insurance fund utilization, Fude Energy focuses on its independently developed MTO (methanol-to-olefins) technology, expanding upstream into energy resources and downstream into olefin chemical products, achieving a full industry chain development model from energy to end-market products. Fude Energy owns the world's largest MTO production enterprise, Ningbo Heyuan Chemical Co., Ltd., Fude (Changzhou) Energy and Chemical Development Co., Ltd. (under construction), Fude (Songyuan) Energy and Chemical Co., Ltd. (under construction), as well as a well-known large-scale coking coal production enterprise in China, and plans to further expand its market in overseas resource sectors. Currently, Fude Energy has over 1,000 employees and an annual output value exceeding 20 billion yuan. Looking ahead, with strong support from its shareholders, Fude Energy is committed to building a platform that integrates finance and industry, developing an integrated upstream and downstream methanol-to-olefins industry chain, and creating an international holding company with significant influence and industry leadership in the global energy and chemical sector and related fields.