Introduction of Parent Company

Meijin Energy Group was founded in 1984. It locates in Guanzhong Building, Qingxu county, Shanxi Province,China. The registered assets are 398,880 thousand yuan and the chairman of the board is Mr. Yao Junliang.

Meijin Energy Group is one of the largest enterprises which manufacture coke in China at present. It involves several fields including washing & selecting raw coal; producing coal; producing coke; purifying and deep processing of coal gas & coal tar; cogeneration of heat and power; building materials; transportation and so on.

The group has assets of 20 billion yuan in 2010. The group ranks the 3rd place in 50 tops of manufacturing companies in Taiyuan 2007; also ranks the 15th place in the enterprises of Shanxi Province, ranks the 1st place in coke enterprises of Shanxi Province. It also chosen as “township enterprise of the national best economic benefits "; awarded the title of “credit enterprises of the AAA grade ”by many banks.

At present, the group has the production capacity of 6.3 million tons of coke every year. The group also has the annual production capacity of 150,000 tons of coal tar, and 50,000 tons of thick benzene. Besides, the group supply Taiyuan city with coal gas, heating and so on. The group has built the project of two million tons of special steel.

All the productions of the group are up to the national standard. Its production is not only supplied to Capital Steel, Hebei Steel, Ben steel, but also supplied to Janpan, Korea, U.S.A and so on. It has branches in Beijing, Shanghai, Tianjin, Tangshan, Dongbei and so on. It estimates that the group will have 20 billion yuan of turnover in 2011 and will arrange 20 thousand people to have jobs.

On this basis, the board of directors of the group makes the development strategy. It will catch the development and utilization of coal resources on one hand, and catch the circulation of the industry chain on the other hand. It has made the new development plan as follows:

(1) The group will build the production line of 300 thousand tons of tar and 600 thousand tons of methyl alcohol per year with Japanese Mitsubishi Cooperation; which is one of the top 500 in the world.

(2) The group will open the large-scale coal mine with the production capacity of 30 million tons per year from 2012. The total coking coal reserve is 3 billion tons in Shanxi.

(3) The group will build the production line of 150 thousand tons of Melamine Cyanurate and 600 thousand tons of urea per year with a company of Indonesia.

(4) The group will open the large scale of coal mine with the capacity of 80 million tons per year in Yarrowmere North, Australia.