| We are a leading vehicle natural gas refuelling station operator in Jilin Province, the PRC.
According to the F&S Report, we ranked second with a market share of 6.2% in Jilin Province’s CNG
refuelling station market in terms of CNG sales volume in 2016. We primarily engage in the sales of
natural gas in the form of CNG to vehicle natural gas end-users by operating CNG refuelling stations
in Jilin Province under the trademark of “ ” and the trade name of “ ”. Revenue generated
from sales of CNG accounted for approximately 87.2%, 92.0%, 92.8% and 92.6% of our respective
total revenue for the years ended 31 December 2014, 2015 and 2016 and the three months ended 31
March 2017, respectively. Most of our refuelling stations were located in Jilin Province, which
generated approximately 89.9%, 91.4%, 92.0% and 95.1% of our total revenue for the years ended 31
December 2014, 2015 and 2016 and the three months ended 31 March 2017, respectively. As at the
Latest Practicable Date, save for one CNG station and one LPG station located in Heilongjiang
Province, all of our stations were situated in Jilin Province. During the Track Record Period, we also
generated revenue from our ancillary business of CNG and LPG wholesale, which constituted nil, nil,
approximately 5.6% and 0.6% of our total revenue for the years ended 31 December 2014, 2015 and
2016 and the three months ended 31 March 2017, respectively |