About YANCHANG PETRO Company

The main business of Yanchang Petroleum International Limited (“Company”) (“Yanchang Petroleum International”), together with its subsidiaries (“Group”), is engaged in (i) investing in oil, gas and energy-related businesses; (ii) exploration, extraction and operation of oil and gas; and (3) trading and distribution of fuel Yanchang Petroleum International is a company listed on the main board of the Hong Kong Stock Exchange. The stock code is 00346. In terms of upstream business, Yanchang Petroleum International, through its Canadian subsidiary Novus Energy Inc. (“Novus”), owns operating oil fields in Saskatchewan and Alberta, Canada, and is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Furthermore, through its wholly-owned subsidiaries, Madagascar Energy International Limited and Madagascar Petroleum International Ltd., own 100% interest in two onshore oil fields — the 3113 oilfield block (“3113 oil field”) and the 2104 oil field block (“2104 oil field”) in the Republic of Madagascar, respectively. Yanchang Petroleum International signed an investment cooperation agreement with Shaanxi Yanchang Petroleum (Group) Co., Ltd. (“Yanchang Petroleum”) and Elco Energy (International) Investment Co., Ltd. (“Elco Energy”), a wholly-owned subsidiary of Hong Kong China Gas Co., Ltd. (“China Gas”), and established a management committee to jointly invest and manage the exploration, mining and operation of the 3113 oilfield block. In terms of downstream business, the Group acquired 70% equity interest in Henan Yanchang Petroleum Sales Co., Ltd. (“Henan Yanchang”) at the end of 2011 to further expand its domestic fuel business. Henan Yanchang is mainly engaged in the wholesale, retail, storage and transportation of refined oil products, and has been granted a valid license to distribute and sell refined oil products in China. Yanchang Petroleum Group, the controlling shareholder of Yanchang Petroleum International, is one of the four largest state-owned enterprises engaged in oil and gas exploration and development in China. In 2014, Yanchang Petroleum Group ranked 432nd among the Fortune 500 companies. With the support of Yanchang Petroleum Group, the company aims to become a competitive international energy enterprise.