China Huarong Energy Co., Ltd. and its subsidiaries are mainly engaged in shipbuilding, energy exploration and production, power engineering, marine engineering and construction machinery, focusing on oil and gas related customers and markets. We have the largest shipyard in China, and have large-scale production bases in Nantong City, Jiangsu Province, and Hefei City, Anhui Province, respectively. In September 2014, we completed the acquisition of 60% interest in the Kyrgyz project involving five oil extraction blocks located in the Ferghana Basin in Central Asia. By engaging in upstream oil extraction and production for this project, we have successfully expanded our energy resource development business.
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