Hunan Li'ang Renewable Energy Electric Power Co., Ltd.

Li'ang New Energy Co., Ltd. is an investment and operation enterprise focusing on environmentally friendly power generation using agricultural and forestry waste and domestic waste, and is a biomass power generation enterprise dedicated to ecological energy conservation and low-carbon environmental protection. The company was established in June 2008, with its registered address in the National High-tech Industrial Development Zone in Lugu, Changsha, and is a high-tech enterprise in Hunan Province. The company has successively won the title of Contract-honoring and Credit-worthiness Unit of Hunan Province, and has been rated as a Hunan Province Resource Comprehensive Utilization Enterprise and a Hunan Province Two-oriented Society Demonstration Enterprise. From 2008 to the first half of 2015, the company built four power plants in Lixian, Hunan; Hengyang, Hunan; Honghu, Hubei; and Guigang, Guangxi, with a total installed capacity of 100MW, contributing 700 million kWh of clean energy to the country each year. The company's total assets have now reached 700 million yuan, with 400 employees. The biomass power generation projects invested in Langxi, Anhui and Hai'an, Jiangsu are also about to be completed and put into operation. It is expected that by 2018, the company will have 10 power plants in operation, with annual electricity sales reaching 2 billion kWh. Among similar enterprises nationwide, Li'ang New Energy has comparative advantages such as fast project construction speed, low engineering cost, many leading technologies, low fuel consumption per unit and low plant self-use electricity, long continuous operation time and high load, and strong profitability. In the field of biomass boiler technology and complete equipment integration, it possesses its own independent intellectual property rights and proprietary technologies; in engineering management and operations, it has formed mature industrialized work processes and standards, and has an excellent technical and management team in the industry. The company is committed to diversified expansion related to the value chain of the comprehensive biomass utilization industry. In addition to continuing to maintain its leading advantage in the biomass power generation industry, it is actively positioning itself in fields such as combined heat and power generation and biomass ethanol production. The company will base itself in Hunan and face Hubei, Henan, Anhui, Jiangsu, Guangdong, Guangxi, Jiangxi and other provinces and regions, building and operating more than ten biomass power generation enterprises, positioning itself in centralized heating projects in parks, and developing circular economy industrial parks. The company plans to be listed on the domestic main board around 2017. Today, Li'ang New Energy Co., Ltd. is entering a new period of development in which product operation and capital operation advance side by side. As a comprehensive investment and operation enterprise rapidly rising in China's biomass power generation field, Li'ang's tomorrow is full of hope. Brief introduction to the company's main projects put into operation (1) Lixian Li'ang Biomass Power Generation Co., Ltd. Project location: Mengxi Town, Lixian County, Changde City, Hunan Province Total investment: 185 million yuan Construction progress: Phase I started in November 2008 and was connected to the grid for power generation in August 2009; Phase II started in January 2010 and was connected to the grid for power generation in November 2010. This project is the first biomass power plant in Hunan Province. (2) Hunan Hengyang Li'ang 20MW Biomass Power Plant Project location: Songmu Industrial Park, Hengyang City Total investment: 120 million yuan Construction progress: Start time: November 2010; Completion time: September 2011; Grid-connected power generation: June 2012. (3) Hubei Honghu Li'ang 20MW Biomass Power Plant Project location: Fuchang Town Economic Development Zone, Honghu City Total investment: 135 million yuan Construction progress: