COMPANY PROFILE

Founded in 1996 and headquartered in Nanjing, Oriental Energy Co.,Ltd (hereinafter referred to as “Oriental Energy”) was listed on the Shenzhen Stock Exchange in 2008 (SZ002221), dedicated to becoming a leading global integrated green energy and new materials service provider. With abundant alkane resources, Oriental Energy has built a whole industrial chain of “Import - Deep Processing - New Energy and New Materials". Its businesses covers international liquefied petroleum gas (LPG) trading, production of polypropylene high-performance materials and high-quality and low-cost carbon fibre, and comprehensive utilization of hydrogen energy, etc., and it provides logistics services based on the company's own vessels.

As a leading enterprise in China's LPG sector, Oriental Energy boasts a comprehensive global supply chain and has established long-term, stable cooperative relationships with multiple international energy giants.

The company has made its presence in Singapore and built production bases in Ningbo, Maoming, and Zhangjiagang in China. The Singapore subsidiary primarily engages in the international trade of energy products such as LPG and chemical products like polyolefins, and its mission is to ensure the security of the group's raw material supply, while its unwavering goal is to enhance international influence and pricing power in the LPG market. The Oriental Energy Singapore team works closely with the domestic team, leveraging spot markets, paper trading, shipping, storage facilities, and financial resources in an integrated manner, to create market operation profits. By employing strategies such as resource allocation, ship-cargo coordination, and paper trading hedging, the team strives to reduce the cost of factory procurement and operation. This approach has enhanced competitiveness and comparative advantages for the group in industrial competition.

The company's three domestic production bases are equipped with advanced production facilities and technological devices. Its propane dehydrogenation (PDH) capacity and polypropylene (PP) production scale rank among the industry leaders in China. Oriental Energy converts LPG into high-value-added PP products, which are widely applied in home appliances, automotive, consumer goods, packaging, medical sectors, etc., and these products are distributed across South China, East China, and overseas markets. Notably, these three bases possess scarce port and storage tank resources. The Ningbo and Maoming bases particularly stand out with deep-water terminals that offer superior shipping infrastructure. Their proximity to economically developed industrial clusters lowers logistics costs, creating robust operational advantages for the company's business expansion.

Matheson Energy Pte., Ltd. (hereinafter referred to as "Matheson Energy"), currently managed by Oriental Energy, is a globally leading physical and paper trading merchant of LPG. Its business span LPG international trade, domestic distribution, logistics, storage, as well as international and domestic futures trading. With a world-class team based in Singapore, the company actively competes in global markets through long-term contracts, spot trading, and futures transactions. Its annual LPG trading volume ranks among the world’s largest, and its fleet size places it within the global top five, underscoring its robust logistics capabilities. With its fleet and storage infrastructure across its three major bases combined, the total LPG storage capacity reaches approximately ‌5 million cubic meters‌, significantly enhancing China’s influence in global LPG pricing.

Juxitang, an online trading platform for polyolefin under Oriental Energy, leverages e-commerce, smart logistics, cloud warehouse platforms, smart industrial parks, industrial finance, and big data systems to build a leading industrial internet platform. It achieves deep integration of manufacturing industries and digital technologies.

Oriental Energy collaborates with Professor Zhu Bo's team from Shandong University to tackle key challenges in low-cost high-performance carbon fiber manufacturing and applications across multiple fields. This collaboration aims to create a closed-loop industrial chain layout encompassing PDH →AN (acrylonitrile)→PAN polymerization→PAN fibers→carbon fibers→composite products, achieving full-chain autonomy and control. This integration is expected to significantly reduce raw material costs. Oriental Energy's Maoming production base can provide robust raw material support for carbon fiber manufacturing, which is closely linked with large-scale chemical industry. Notably, the company's 10,000-ton T1000 carbon fiber project officially commenced construction on May 21, 2024, and is scheduled to be put into operation in 2025.

Oriental Energy adheres to the philosophy of ‌“Innovation Leads, Trade Safeguard, Zero-Carbon Development, and Intrinsic Safety”.‌ The company is rooted in the profound transformation of the C3 industry, with ‌polyolefins‌ as its foundation and ‌carbon fiber and hydrogen energy‌ as its dual core, spearheading the ‌materials revolution‌ and ‌energy revolution‌, steering industrial transformation, and achieving leapfrog development for the company while making greater contributions to national economic growth and the advancement of social civilization.