Brief introduction of Inner Mongolia Pingzhuang Energy Co., Ltd.

Inner Mongolia Pingzhuang Energy Co., Ltd., formerly known as Inner Mongolia Grassland Xingfa Co., Ltd., is located in yuanbaoshan district, Chifeng City, Inner Mongolia Autonomous Region. The company was established with the approval of Chifeng Economic System Reform Committee in March 1993, and publicly issued 40,000,000 shares of domestic listed shares with the approval of China Securities Regulatory Commission in May 1997, and listed on Shenzhen Stock Exchange on June 3.

On April 16, 2007, China Securities Regulatory Commission issued the Reply on Approving Major Asset Replacement and Directional Issuance of Inner Mongolia Grassland Xingfa Co., Ltd., and Inner Mongolia Pingzhuang Coal Industry (Group) Co., Ltd. carried out major asset replacement for Grassland Xingfa. On May 22, 2007, the company changed its name to Inner Mongolia Pingzhuang Energy Co., Ltd., and its main business changed from the original animal husbandry to "coal mining, washing, processing and sales".

After the private placement, the total number of shares of the company is 1, 014,306,324 shares, of which Pingmei Group holds 622,947,287 shares, accounting for 6 1.42% of the company's total share capital, and is the controlling shareholder of the company. The company has operating assets such as Fengshuigou Mine, West Open-pit Mine, Liujia Mine, Gushan Mine, Laogongyingzi Mine, material supply company and coal sales company, with an annual coal production capacity of about 9 million tons.