Our Group owns a coal mine situated in Changji Prefecture of Xinjiang in China, namely Kaiyuan Open Pit Coal Mine (“Kaiyuan Mine”) , and plays the role of a major local coal supplier.

Kaiyuan Mine is operated by Mulei County Kai Yuan Coal Company Limited (“Kaiyuan Company”), an indirect wholly-owned subsidiary of Nan Nan Resources Enterprise Limited. Kaiyuan Company owns the mining rights and is engaged in mining exploration, sales and distribution of coals in the region.