Corporate Structure

The following chart sets out the equity interests and corporate structure of our Group immediately upon completion of the Reorganization:



(1) Guizhou Union invested in 50% interest in Nanneng Clean Energy, which is a joint venture company established by Guizhou Union and Southern Power Grid, an Independent Third Party.

  (2) Luozhou Mining, Weishe Mining, Lasu Mining and Tiziyan Mining are branches of Guizhou Union.