About YANCHANG PETRO Company

Yanchang Petroleum International Limited (the “Company”) (hereinafter referred to as “Yanchang Petroleum International”), together with its subsidiaries (the “Group”), is mainly engaged in (1) investment in oil, gas and energy related businesses; (2) oil and gas exploration, exploration and operation; and (3) fuel trading and distribution 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 is engaged in the acquisition, exploration, development and production of crude oil and natural gas through its Canadian subsidiary Novus Energy Inc. (“Novus”), which owns operating oil fields in Saskatchewan and Alberta, Canada. Furthermore, through its wholly-owned subsidiaries, the Company owns 100% interest in two onshore oil fields -- the 3113 oil field block in the Republic of Madagascar (“3113 oil field”) and the 2104 oil field block (“2104 oil field”), respectively. Yanchang Petroleum International signed an investment cooperation agreement with Shaanxi Yanchang Petroleum (Group) Co., Ltd. (“Yanchang Petroleum”) and Yigao Energy (International) Investment Co., Ltd. (“Yigao Energy”), a wholly-owned subsidiary of Hong Kong China Gas Co., Ltd. (“Zhonghua Gas”), and established a management committee to jointly invest and manage the exploration, exploration and operation of the 3113 oil field 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 exploration and development of oil and gas in China. In 2014, Yanchang Petroleum Group ranked 432nd in the Fortune 500. With the support of Yanchang Petroleum Group, the company strives to become a competitive international energy enterprise.