Ningxia Baofeng Energy Group Co., Ltd.

Baofeng Energy (the Company) is a controlled subsidiary of Baofeng Group and a public company listed on China’s Main Board Market (Stock code: 600989). Committed to bringing value to society, the Company takes the initiative to execute the development strategies of China and the Ningxia Hui Autonomous Region, follows the principle of pursuing green development, devotes itself to industries that are most needed by China, strives to fulfill its mission in the new era through down-to-earth practices, and has contributed to China’s energy security. At Ningdong and Ordos National Energy Bases, through technological innovation, the Company has replaced petroleum with coal in production, with an annual output of 20 million tons of methanol and 8.46 million tons of polyolefin, replacing imported products. The upstream and downstream sectors of the industrial chain are closely interconnected, producing more than 100 kinds of high-end chemical products, making intensive conservation and clean an