Guangzhou Nansha Hongda Storage Co., Ltd.

1. The company's predecessor was Taishan Petrochemical, established in 2006. After changes in shareholders and restructuring in 2021, state-owned capital was introduced to take over the company. The current shareholding structure is: Foison Energy Group Co., Ltd. 40%, Guangzhou Yuanheng Energy Co., Ltd. 30%, and Guangzhou Honghai Chuangzhan 30%. The enterprise is managed by the Foison Energy team and operates under consolidated management.
2. The company primarily provides storage services for petrochemical products, with 17 years of experience in petrochemical storage. Relying on its petrochemical storage business and with the support of major shareholders, the company extends to upstream and downstream operations, engaging in bulk trading of petrochemical products and supply chain financial services. Currently, Foison Energy and the storage company sell a combined 40,000-50,000 tons of refined oil per month, making it an important energy supplier in South China.
3. The company operates the largest commercial oil depot in South China, with a completed storage capacity of 918,000 cubic meters. It is equipped with the Guangzhou Xiaohu Terminal, featuring dedicated berths ranging from 2,000-ton to 100,000-ton class, and has two dedicated loading bays with 32 loading positions. The main product categories include refined oil, fuel oil, methanol, biodiesel, road asphalt, etc.