Guangzhou Pearl River Electric Fuel Co., LTD.

Guangzhou Pearl River Electric Fuel Co., LTD. (referred to as Zhudian Fuel ) is controlled by Guangzhou Development Energy Logistics Group Co., LTD., a subsidiary of "Top 50 Listed Companies" -- Guangzhou Development Group Co., LTD. (referred to as Guangzhou Development, Shanghai Stock Exchange SH600098). Centering on the strategic goal of building a large comprehensive energy supplier facing the Pearl River Delta, Guangzhou has made full use of the capital market, standardized operation, steady operation, sustained development and growth, and established a comprehensive energy business with power, coal, oil products and natural gas as the core. As one of the three major industrial groups under Guangzhou Development, Energy Logistics Group owns0 an asset scale of more than 5 billion yuan, mainly engaged in coal operation, shipping, port, oil sales and other businesses. Founded in 1993 with a registered capital of 613 million yuan, Zhudian Fuel Co., Ltd. is mainly engaged in coal procurement, storage, transportation and sales business. It is a large-scale coal supply enterprise facing the Pearl River Delta integrating coal mining, sea transportation, port and sales network. It ownsa 50,000-ton and 70,000-ton special coal discharging terminals and 340,000 ton coal storage yard in Nansha District of Guangzhou. The annual sales volume of coal exceeds 27 million tons, occupying a high market rate in the Pearl River Delta, with a good market reputation. In the next few years, the company aims to grow bigger and stronger, to implement "go out" development strategy, to build the brand of "Zhudiancoal", to seek greater market development.