The Group's main operating subsidiary, Zengcheng Jintaifeng Fuel Co., Ltd., is located in Guangdong Province, China, and is mainly engaged in the wholesale business of oil and other petrochemical products in China. Currently, our wholesale business is mainly based on three oil depots in Zengcheng, Panyu and Gaolan Port Economic Zones. All of our oil depots are located within the Pearl River Delta in Guangdong Province. Various oil depots store and trade different types of oil products. The oil products we operate can be broadly divided into (i) fuel oil; (ii) refined oil products; and (iii) other petrochemical products. Our oil and petrochemical products are mainly used as fuel for ships, transport vehicles, machinery equipment and gas stations, as well as raw materials for refineries. In order to meet the different needs and application requirements of our customers, we also sell blended fuel oils according to customer specifications. Business philosophy Honesty first, service first, excellence We believe that we have the following competitive strengths: We use a comprehensive and strict quality control system We benefit from being close to our customers We are able to maintain a stable business network of suppliers and customers We have an experienced management team and skilled employees
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