Recently, The Group and Shanxi Pengfei Group Co., Ltd. (hereinafter referred to as "Shanxi Pengfei") signed a strategic cooperation agreement. The two sides will establish strategic cooperative partnership based on the coal, coke and chemical industry to jointly develop the hydrogen energy market so as to promote the transformation and upgrading of China's energy structure.

As the largest coke production enterprise in China, Shanxi Pengfei has formed a safe, green, intensive and efficient clean energy supply system with coking industry as its core. It is building hydrogen energy industrial park to further develop chemical production market. While Taking this cooperation as an opportunity, The Group will give full play to its resources and advantages in chemical technology, capital operation, energy trade, etc., and jointly build Pengwan Hydrogen Port and Energy Industrial Park in line with the principle of complementary advantages, synergetic development, mutual benefit and reciprocity.

The signing of the strategic agreement will help both sides to make full use of their advantages in energy and chemical industry to realize strong alliance, and contribute to building a "clean, low-carbon, safe and efficient" national energy system.