About CHINANEWENERGY Company

Established in 2006, we are a leading comprehensive service provider for ethanol production system technology in China. We mainly provide comprehensive services for the core system of the ethanol production system in China's ethanol fuel and alcoholic beverage industry, including engineering design, equipment manufacturing, installation and commissioning, and subsequent maintenance. For the three years ended December 31, 2018, we also provided comprehensive technical services for other chemical production systems in Canada, Russia and other countries. With 13 years of operating history, we have rich experience in China and have established a good reputation for advanced technical skills and good past performance. According to the Insight Consulting Report, in 2017, we ranked second in China's ethanol production system industry in terms of revenue, with a market share of 8.4%. We have established a good reputation for advanced technical skills and good performance in China. We have been committed to research and development to promote the improvement and innovation of core system technology in the ethanol production system, and we plan to continue to invest in research and development. As of June 11, 2019, we had 31 patented technologies, which have been incorporated into the production process. Furthermore, on June 11, 2019, we submitted nine patent registration applications in China and are undertaking two ongoing R&D projects. Over the past few years, our ethanol production system technology has received awards from industry organizations in the ethanol industry. In December 2016, we were awarded the title of “High-tech Enterprise” and enjoyed a 15% preferential corporate income tax rate. The directors believe that these awards represent the industry's high recognition of the technology and innovation applied in our projects. We believe that our advanced technology and R&D capabilities give us a competitive advantage and enable us to continue to obtain customer contracts by providing high-quality and innovative technical integrated services for ethanol production systems.