Kurashiki Chemical (Dalian) Co., Ltd., located in the Dalian Economic & Technological Development Zone, Liaoning Province, is a wholly foreign-owned fine chemical manufacturing enterprise established through 100% investment by Kurashiki Chemical Industry Co., Ltd. of Japan. Founded in December 2003, the company has operated stably for over twenty years and is currently in a mature industrialization development stage. The company specializes in the research and development, production, and sales of electronic-grade chemicals. Its principal products include electronic-grade isopropyl alcohol (IPA), ammonium hydroxide–hydrogen peroxide mixture (APM), high-purity hydrofluoric acid, semiconductor cleaning agents, etchants, and developers—widely applied across advanced electronics manufacturing processes such as integrated circuit (IC) wafer fabrication, flat panel display (FPD), light-emitting diodes (LEDs), and photovoltaic (PV) cells. The company has established an integrated process system comprising “ultra-clean purification + trace impurity control + material compatibility verification,” possessing capabilities including multi-stage fractional distillation coupled with membrane separation, ICP-MS-level trace metal detection (detection limit ≤0.01 ppt), and fully enclosed, dust-free filling. Its product purity consistently meets SEMI C12 specifications. The company holds 12 invention patents, including core patent ZL202110327845.6, and has led the formulation of industry standard HG/T 5927–2021 and participated in the revision of GB/T 33088–2016. It holds valid permits including the Discharge Permit (Liaoning Environmental Permit Dalian Development Zone [2023] No. 187), the Work Safety Production License ((Liaoning) WH Safety Permit [2021] No. 02-0045), and the Hazardous Chemicals Registration Certificate (No. 210211158). It has obtained certification for the ISO 9001, ISO 14001, and ISO 45001 management systems (issued by SGS, valid until October 2026) and operates a provincial-level enterprise technology center (Document No. Liaoning Industry and Information Technology Commission [2020] No. 189). Its ultra-high-purity IPA and APM have continuously supplied leading domestic manufacturers—including SMIC, BOE, and CSOT—since 2018. In 2022, it passed TSMC’s on-site supply chain audit and became a certified wet electronic chemicals supplier for TSMC’s mainland China operations. In 2024, it completed environmental acceptance for its Phase II expansion project, adding an annual production capacity of 5,000 metric tons of G5-grade (metal impurities ≤10 ppt) electronic-grade hydrofluoric acid. Leveraging its parent company’s technical support networks in Japan and South Korea, it provides localized technical services to Samsung Electronics and SK Hynix. Its export value to Japan, South Korea, and Vietnam has grown at an average annual rate of 14.3% over the past three years; exports accounted for 28.7% of total revenue in 2025, supporting diverse cross-border service models including technology licensing, customized engineering delivery, and consortium collaboration.

Becker Industrial Coatings(Guangzhou)Ltd. registered at No. 62 Nanxiang 1st Road, Science City, Huangpu District, Guangzhou City, Guangdong Province, is a wholly foreign-owned subsidiary established in China by the German Berg Group GmbH. Founded in 2004, the company is a foreign-invested limited liability company specializing in the research and development, manufacturing, and technical services of premium industrial protective and decorative coatings. It has operated stably for 19 consecutive years and possesses independent production capabilities for the full range of solvent-based and water-based industrial coatings.  

The company primarily provides high-performance coating solutions—including corrosion protection, fire resistance, wear resistance, and environmental compliance—for five key sectors: rail transit, energy & power, construction machinery, marine & offshore vessels, and steel-structure buildings. Typical clients include CRRC Qingdao Sifang, Shanghai Zhenhua Heavy Industries, Guangzhou Shipyard International, and Shendong Coal Mining Area of China Energy Group—leading central- and local-level enterprises.  

Its core competencies span the entire value chain—from formulation design and engineering-scale mass production to on-site coating technical services. The company has established the Guangdong Provincial Engineering Technology Research Center for Industrial Protective Coatings and holds 12 valid invention patents and 9 utility model patents. Its technological roadmap focuses on lead-free and chromium-free formulations, low-VOC water-based conversion, and predictive modeling for long-term corrosion resistance. Its BG-FR series intumescent fire-retardant coatings comply with GB 14907–2018 and achieve a fire-resistance rating of 120 minutes; its BG-W series water-based heavy-duty corrosion-resistant coating systems meet the requirements of GB/T 38597–2020.  

In terms of certifications, the company has continuously maintained ISO 9001, ISO 14001, and ISO 45001 management system certifications. It holds the “Safety Production License for Hazardous Chemicals” issued by China’s Ministry of Emergency Management (License No.: YueWH AnXuZheng Zi [2022] 010087) and the “Approval Certificate for Coatings Used on Ships and Offshore Facilities” issued by the China Classification Society.  

Representative projects include fire-protection coating for shield tunnel segments on Guangzhou Metro Line 11 and corrosion protection for steel structures in the conventional island of Yangjiang Nuclear Power Plant. Its service network covers 22 provinces, autonomous regions, and municipalities across China. The company operates a Guangzhou production base (annual capacity: 28,000 metric tons) and three major application technology centers in Beijing, Xi’an, and Wuhan. Leveraging technical support from its German headquarters, it delivers localized coating solutions and on-site technical services for Belt and Road Initiative projects—including VinFast Automobile Factory in Vietnam and petrochemical storage tanks in the Ras Al Khaimah Free Trade Zone, UAE—supporting multiple collaboration models such as technology licensing plus engineering implementation, consortium partnerships, and cross-border delivery.

China National Petroleum Corporation Lubricating Oil Company (registered address: No. 87 Jianguo Road, Chaoyang District, Beijing) is a wholly owned subsidiary of China National Petroleum Corporation (CNPC), a central enterprise supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. The company specializes in research, development, production, and service of high-end industrial and automotive lubricants and related materials, operating as an integrated professional manufacturing and technical service enterprise. It is currently in a mature and stable development stage and has established a nationwide production, sales, supply, and service network covering all 31 provinces (autonomous regions and municipalities directly under the central government). It is a professional lubricant company integrating production, R&D, sales, and service. The company was officially established on December 19, 2000. Under CNPC’s leadership, through continuous integration and development, the company adheres to the “Five Unifications and One Concentration” business strategy—unified allocation of resources, unified product standards, unified network layout, unified price management, unified organization of scientific research, and concentrated efforts to launch well-known brands—achieving five continuous improvements and one transformation. Its core businesses cover the full range of lubricant products, including internal combustion engine oils, gear oils, hydraulic oils, transformer oils, metalworking fluids, and environmentally friendly bio-based lubricants, widely applied across sectors such as the automotive aftermarket, rail transit, wind power, nuclear power, large-scale construction machinery, marine propulsion systems, and aerospace supporting equipment. Leveraging its national-level enterprise technology center, CNAS-accredited laboratories, and CNPC’s Key Laboratory of Lubrication Technology, the company possesses capabilities in precise base oil component regulation, modeling of synergistic effects among compounded additives, and bench testing under severe operating conditions. To date, it holds 172 valid invention patents and 49 utility model patents; it has led or participated in the formulation and revision of 14 national standards and 23 industry standards. Key achievements include long-life fully synthetic diesel engine oils (meeting API CK-4/FA-4 specifications), domestically produced turbocharged engine oils (certified by Mercedes-Benz MB 229.52 and BMW LL-04), and specialized greases for offshore wind power applications under extreme cold conditions (meeting start-stop performance requirements at −40°C). The company holds ISO 9001, ISO 14001, and ISO 45001 management system certifications; possesses a Dangerous Chemicals Production Safety Permit (Beijing YWH Safety Permit No. [2023] 000087), a National Industrial Product Production License (XK13-013-00012), and IATF 16949 certification for the automotive supply chain. The Kunlun Lubricants brand has been recognized as a “Well-Known Trademark” by the China National Intellectual Property Administration. Representative accomplishments include providing lifecycle lubrication solutions for the Beijing–Zhangjiakou High-Speed Railway intelligent EMUs (continuous supply from 2019 to 2025); completing type-approval verification for three categories of domestically produced replacement lubricants used in conventional island systems of Hualong One nuclear power units; and supplying over 1,200 metric tons of customized gearbox oils to the 2,000-MW wind power base in Urad Middle Banner, Inner Mongolia. Its products are exported to 32 countries—including Russia, Kazakhstan, Egypt, Brazil, and Indonesia—and have obtained Russian GOST-R certification and inclusion in the Russian Railways procurement catalog. The company collaborates with Saudi Aramco on adaptability research for heavy-duty diesel engine oils under high-temperature, high-humidity conditions; supports technology transfer to CNPC overseas oil & gas field operation areas, including the Ahdeb Field in Iraq and ADNOC’s onshore blocks in the UAE; and offers multiple cooperation models, including technology licensing plus engineering implementation, joint venture partnerships, and localized technical services.

- Investor: Seadra Energy Alliance (including Air New Zealand, Renova, Kent, ANZ)
- Location: Marsden Point (former refinery site)
- Scale: Investment of approximately NZD 300 million
- Products: Sustainable Aviation Fuel (SAF), Biodiesel, Bio-based Chemicals
- Progress: Development agreement signed in October 2024; construction to commence in 2026-2027
- Highlights: Utilizes waste oils and agricultural/forestry residues as feedstock; New Zealand's first large-scale aviation biofuel project

- Investor: Seadra Energy Alliance (including Air New Zealand, Renova, Kent, ANZ)
- Location: Marsden Point (former refinery site)
- Scale: Investment of approximately NZD 300 million
- Products: Sustainable Aviation Fuel (SAF), Biodiesel, Bio-based Chemicals
- Progress: Development agreement signed in October 2024; construction to commence in 2026-2027
- Highlights: Utilizes waste oils and agricultural/forestry residues as feedstock; New Zealand's first large-scale aviation biofuel project

Beijing Qingxin Environment Energy-Saving Technology Co., Ltd. (headquartered in Beijing) is a national high-tech enterprise specializing in comprehensive industrial low-carbon environmental protection services. It was listed on the Shenzhen Stock Exchange in 2011 (stock code: 002573). Having evolved from an early flue gas treatment engineering contractor, the company has become a full-lifecycle solution provider covering technology R&D, core equipment manufacturing, EPC general contracting, concession-based operation, and digital platform services. As of the end of 2024, its total assets amounted to RMB 16.23 billion, with approximately 2,800 employees and over 60 wholly owned and controlled subsidiaries.  

The company’s core business focuses on ultra-low emission retrofits and deep pollution control for energy-intensive industries—including coal chemical, petrochemical, iron & steel, and cement sectors—while simultaneously expanding into environmental protection facilities supporting new energy development, integrated energy services for industrial parks, and carbon asset management. Its core technological capabilities include independent process package development and large-scale application: for example, the Single-Tower Integrated Desulfurization and Dust Removal Deep Purification Technology (SPC-3D) has been applied to over 200 domestic coal-fired power units rated at 300 MW or above, achieving SO₂ emissions <10 mg/Nm³ and particulate matter emissions <3 mg/Nm³; its Dual-Zone Coupled SCR denitrification technology and low-temperature synergistic catalytic oxidation technology for VOCs treatment have demonstrated proven engineering implementation capability. The company holds Class-A specialized design qualification for environmental engineering (atmospheric pollution control), Grade-I professional contracting qualification, and the “Environmental Pollution Control Facility Operation Qualification” (Class-A for atmospheric pollution control); it is certified under ISO 9001/14001/45001 integrated management systems and recognized as a National Enterprise Technology Center.  

Representative projects include the full-process ultra-low emission project for HBIS Group’s Tangshan New District (covering sintering, pelletizing, coking, and precision desulfurization of blast furnace gas across all production stages), the ultra-low emission retrofit for China Huaneng Group’s Yuhuan Power Plant (four 1,000-MW units), and the flue gas treatment EPC project for Indonesia’s Java-7 Power Plant (two 1,050-MW coal-fired units). In 2024, overseas revenue accounted for 8.6% of the company’s total revenue. Projects span Vietnam, Pakistan, Bangladesh, the United Arab Emirates, and preliminary technical adaptation studies for NEOM City in Saudi Arabia. Core equipment has obtained EU CE certification and ASME pressure vessel certification (USA), supporting technology licensing plus engineering implementation, consortium-based cooperation, and cross-border EPC delivery.

Beijing Qingxin Environment Energy-Saving Technology Co., Ltd. (headquartered in Beijing) is a national high-tech enterprise specializing in comprehensive industrial low-carbon environmental protection services. It was listed on the Shenzhen Stock Exchange in 2011 (stock code: 002573). Having evolved from an early flue gas treatment engineering contractor, the company has become a full-lifecycle solution provider covering technology R&D, core equipment manufacturing, EPC general contracting, concession-based operation, and digital platform services. As of the end of 2024, its total assets amounted to RMB 16.23 billion, with approximately 2,800 employees and over 60 wholly owned and controlled subsidiaries.  

The company’s core business focuses on ultra-low emission retrofits and deep pollution control for energy-intensive industries—including coal chemical, petrochemical, iron & steel, and cement sectors—while simultaneously expanding into environmental protection facilities supporting new energy development, integrated energy services for industrial parks, and carbon asset management. Its core technological capabilities include independent process package development and large-scale application: for example, the Single-Tower Integrated Desulfurization and Dust Removal Deep Purification Technology (SPC-3D) has been applied to over 200 domestic coal-fired power units rated at 300 MW or above, achieving SO₂ emissions <10 mg/Nm³ and particulate matter emissions <3 mg/Nm³; its Dual-Zone Coupled SCR denitrification technology and low-temperature synergistic catalytic oxidation technology for VOCs treatment have demonstrated proven engineering implementation capability. The company holds Class-A specialized design qualification for environmental engineering (atmospheric pollution control), Grade-I professional contracting qualification, and the “Environmental Pollution Control Facility Operation Qualification” (Class-A for atmospheric pollution control); it is certified under ISO 9001/14001/45001 integrated management systems and recognized as a National Enterprise Technology Center.  

Representative projects include the full-process ultra-low emission project for HBIS Group’s Tangshan New District (covering sintering, pelletizing, coking, and precision desulfurization of blast furnace gas across all production stages), the ultra-low emission retrofit for China Huaneng Group’s Yuhuan Power Plant (four 1,000-MW units), and the flue gas treatment EPC project for Indonesia’s Java-7 Power Plant (two 1,050-MW coal-fired units). In 2024, overseas revenue accounted for 8.6% of the company’s total revenue. Projects span Vietnam, Pakistan, Bangladesh, the United Arab Emirates, and preliminary technical adaptation studies for NEOM City in Saudi Arabia. Core equipment has obtained EU CE certification and ASME pressure vessel certification (USA), supporting technology licensing plus engineering implementation, consortium-based cooperation, and cross-border EPC delivery.

Shandong Dachi Alpha Electric Co., Ltd. is located in Heze City, the “Peony Hometown.” The company was registered and established in November 2004, with a total investment of RMB 65 million. It primarily engages in the research, development, manufacturing, and sales of enclosed busbars rated at 36 kV and below, as well as transformers and switchgear equipment. It ranks among the top three enterprises nationwide in the enclosed busbar industry and currently offers over ten models across two major product series: isolated-phase and common-box enclosed busbars. Its products are operating successfully at China Huaneng Group, China Hydropower Group, Gezhouba Group, Datang Group, and numerous nuclear power companies; they have also been exported to more than thirty countries and regions, including Pakistan, India, Cuba, and the Middle East. The company occupies a site covering 80,000 square meters and has introduced world-class advanced production equipment—including Italian CNC hydraulic plate rolling machines and fully automatic aluminum welding machines—as well as precision testing equipment. Its annual production capacity reaches 2,000 units (sets). The company currently employs 180 people, including 30 R&D technical personnel, four foreign experts, and 50 employees holding bachelor’s degrees or higher. It was the first enterprise in its industry to obtain ISO 9001 Quality Management System Certification and Intellectual Property Management Standardization Certification. It has successively been designated a National High-Tech Enterprise, a “Technology-Based Small and Medium-Sized Enterprise,” a “Shandong Province Advanced Small and Medium-Sized Enterprise,” a “Shandong Province First-of-its-Kind Technical Equipment Enterprise,” a “Shandong Province Gazelle Enterprise,” and a “Shandong Province Specialized, Refined, Distinctive, and Innovative Enterprise.” The brand “Dachi Alpha” is recognized as both a Shandong Provincial Famous Brand and a Shandong Provincial Well-Known Brand.

Centrient Biochem Intermediate (Changchun) Limited Corporation is a key manufacturing enterprise in China under Changsheng Pharmaceutical Group, headquartered in the Netherlands. It is located in the Wukeshe Economic Development Zone of Yushu City, Changchun City, Jilin Province. Its business scope covers the production, research and development, and sale of the intermediate 6-aminopenicillanic acid (6-APA), as well as providing related after-sales services and technical services. The company commenced operations in June 2012. Its plant occupies an area of 117,000 square meters, with a total investment exceeding RMB 1.2 billion. It currently employs approximately 350 people. Changsheng Biochemical Intermediates (Changchun) Co., Ltd. was established on April 16, 2010, and its registered address is No. 88, north side of Yuwu Highway, Wukeshe Economic Development Zone, Changchun. Its legal representative is Lu Fangbin. Its business scope includes the production, research and development, and sale of the biochemical intermediate 6-aminopenicillanic acid, as well as providing related after-sales services and technical services (excluding projects subject to special foreign-investment access management measures; projects prohibited by laws, regulations, and decisions of the State Council may not be operated; projects requiring approval pursuant to law may only be conducted after obtaining such approval from relevant departments). **Changsheng Biochemical Intermediates (Changchun) Co., Ltd. has one branch office.

- Investors: Seadra Energy Alliance (including Qantas, Renova, Kent, ANZ)
- Location: Marsden Point (former refinery site)
- Scale: Investment of approximately NZD 300 million
- Products: Sustainable Aviation Fuel (SAF), Biodiesel, Bio-based Chemicals
- Progress: Development agreement signed in October 2024; construction to commence in 2026-2027
- Highlights: Utilizes waste oils and agricultural/forestry residues as feedstock; New Zealand's first large-scale aviation biofuel project

Beijing Uni-construction Group Co., Ltd. is a large-scale enterprise group driven by reform and innovation and guided by scientific research and development. It engages simultaneously in construction and installation, real estate development, and modern services; operates across regions, industries, and countries; and serves as a key pillar of Beijing’s state-owned economy. The Group owns over 30 wholly owned subsidiaries, holding companies, equity-participation enterprises, and business divisions, with total assets amounting to RMB 50 billion and an annual comprehensive operating revenue of RMB 30 billion.

Adhering to its mission—“Builders always think of residents”—Beijing Zhuozong focuses on the Beijing-Tianjin-Hebei region, expands nationwide, and extends into the Belt and Road Initiative economic corridor, positioning itself as an integrated urban construction investment, development, and operation service provider. Its operations span provinces and municipalities across mainland China and extend globally. Over its more than 30 years of establishment, the Group has completed nearly 100 million square meters of various buildings and developed 75 residential communities totaling over 20 million square meters. It has received dozens of Luban Awards and Zhan Tianyou Awards, numerous National Excellence Gold and Silver Awards, and hundreds of municipal- and provincial-level (or higher) architectural design awards and high-quality project awards. It has been honored as a “Top 100 Honest Enterprises in China’s Economy” and a “National Construction Industry Honest Enterprise,” and ranks among both the “China’s Top 500 Enterprises” and the “World’s Top 250 International Contractors.”

Beijing Zhuozong holds top-tier industry qualifications covering the entire industrial chain—construction and installation, real estate development, and modern services—and possesses qualifications for overseas contracting projects and foreign trade operations. It has won dozens of science and technology advancement awards at the provincial/ministerial level or above, secured national patents, and formulated dozens of national standards and construction methodologies. Guided by its mission—“securing stable housing for the people and establishing construction as a noble profession”—and leveraging the synergistic advantages of its integrated business model, Beijing Zhuozong delivers comprehensive, end-to-end, full-lifecycle operational services to clients across society, including consulting and evaluation, investment and development, planning and design, technological research and development, environmental renovation, construction, and operation and maintenance.

- Investors: Seadra Energy Alliance (including Qantas, Renova, Kent, ANZ)
- Location: Marsden Point (former refinery site)
- Scale: Investment of approximately NZD 300 million
- Products: Sustainable Aviation Fuel (SAF), Biodiesel, Bio-based Chemicals
- Progress: Development agreement signed in October 2024; construction to commence in 2026-2027
- Highlights: Utilizes waste oils and agricultural/forestry residues as feedstock; New Zealand's first large-scale aviation biofuel project

Beijing Xianfeng Ruichuang Environmental Technology Co., Ltd. was established in 2017 and is a high-tech enterprise engaged in the agency sales, research and development, processing, installation, sales, and services of environmental protection equipment. Adhering to the service philosophy of “efficiency knows no bounds, customers always come first,” the company provides cost-effective and hassle-free environmental protection products and services, collaborating with customers to safeguard the same blue sky and the same pristine land. Currently, the company’s key projects focus on technical services related to industrial wastewater treatment, municipal wastewater treatment, and waste disposal processes; its relevant technologies rank among the most advanced domestically. It is a technology enterprise specializing in environmental technology R&D and application, holding qualifications including High-Tech Enterprise, Specialized, Refined, Distinctive, and Innovative Small- and Medium-Sized Enterprise, and Technologically Oriented Small- and Medium-Sized Enterprise. The company’s registered capital is RMB 28 million, fully paid-in. As of 2023, the number of employees covered by social insurance was three.  

The company primarily operates in water pollution control and solid waste treatment. Its R&D achievements are notable, with 13 patents and 25 software copyrights. In 2023, its operating revenue reached RMB 30.1718 million; it participated in 24 tendering and bidding projects and won 15 bids, including the Jinko Solar Jinchang Nickel Removal Project—Phase II (Concentrated Water RO System Process Package Equipment Procurement and Installation Engineering) and the Yanqing Leachate Treatment Project. In December 2024, the company relocated its address from the 12th floor to the 5th floor of No. 1 Hangfeng Road Courtyard, Fengtai District. In 2025, the company secured a new bid for the Ningbo Food Waste Treatment Engineering Project.

Beijing Qingxin Environment Technology Co., Ltd. (Securities Abbreviation: Qingxin Environment; Securities Code: 002573.SZ), headquartered in Beijing and established in 2001, is currently a mixed-ownership listed company under state-owned control, affiliated with Sichuan Development (Holdings) Co., Ltd. (Stock Code: 002573). The Company focuses on water services investment and operations, industrial flue gas treatment, and energy services, while actively developing high-end energy-saving and environmental protection equipment manufacturing. It is an integrated environmental protection service group encompassing technology R&D, operation and maintenance services, equipment manufacturing, engineering design, and construction. As of now, Qingxin Environment’s total assets amount to RMB 25 billion. The Company holds a National Enterprise Technology Center, a Postdoctoral Research Workstation, and multiple experimental bases; it employs over 7,000 industry professionals and operates in more than 10 countries worldwide. It is a national high-tech enterprise specializing in industrial flue gas treatment, energy conservation and carbon emission reduction, resource recycling, and comprehensive ecological environment governance. The Company was listed on the Shenzhen Stock Exchange in 2011 and is currently transitioning from a mature-stage enterprise to an ecological platform enterprise. Its core businesses cover ultra-low emission retrofits and low-carbon synergistic governance for high-energy-consuming industries—including coal chemical, petrochemical, steel, cement, non-ferrous metals, and chemical sectors—while simultaneously expanding into waste and hazardous waste resource utilization, integrated environmental services for industrial parks, full-process CCUS demonstration projects, and carbon asset development. The Company possesses end-to-end service capabilities spanning “technology R&D—equipment manufacturing—engineering implementation—intelligent operation & maintenance—resource utilization.” Its independently developed SPC-3D cyclonic atomization high-efficiency desulfurization and dust removal integrated technology and SPR single-tower integrated desulfurization and dust removal deep purification technology have been successfully applied to over 300 coal-fired power generating units rated at 300 MW or above nationwide; among these, the SPC-3D technology has been included in the National Development and Reform Commission’s “Green Technology Promotion Catalog (2024 Edition).” A 300,000-ton-per-year steel slag micro-powder production line has been constructed, establishing a technological core based on “physical-chemical synergy—intelligent control—resource regeneration,” and leveraging the “Qingxin Cloud” intelligent environmental protection platform, the Company has achieved an 8%–12% reduction in desulfurization system energy consumption and minute-level operational response times. The Company holds Class-A qualification for specialized design of environmental engineering (atmospheric pollution control engineering), Grade I qualification for professional contracting of environmental engineering, Special Equipment Production License (Pressure Piping GC1 and GB1 categories), and Level IV license for installation (maintenance/testing) of electric power facilities. It is certified under ISO 9001/14001/45001 management systems and was recognized by the Ministry of Industry and Information Technology in 2023 as a “Green Manufacturing System Solution Provider.” Representative projects include the ultra-low emission retrofit of four 1,000-MW units at Huaneng Yuhuan Power Plant; the EPC project for comprehensive flue gas treatment of the sintering machine at HBIS Group’s Handan New Area; the BOT project for hazardous waste disposal center at Sichuan Yibin Lithium Battery Materials Industrial Park; and the 150,000-ton-per-year CO₂ capture plus geological storage monitoring full-process CCUS demonstration project at the Ordos Coal Chemical Industrial Park in Inner Mongolia. Internationally, flue gas treatment EPC and O&M services have been implemented in Vietnam, Indonesia, and the United Arab Emirates. Overseas revenue accounted for 6.3% of total revenue in 2025. As the Chinese lead entity, the Company participated in drafting the ISO/TC 265 Draft International Standard No. 47, “Guidelines for Monitoring Technologies for Geological Storage of CO₂.” Currently, its international business primarily involves EPC general contracting and technical service exports. Publicly available information does not indicate substantive commercial implementation of its technologies in the EU’s Carbon Border Adjustment Mechanism (CBAM) or the U.S. Section 45Q program, nor does it show any overseas production bases or registered controlled subsidiaries.

Bo Yuan Energy (Dalian) Co., Ltd. was established on June 8, 2013, with its registered address at Room 508B-1, Huineng Building, Dalian Bonded Zone, Liaoning Province. Chu Zhenyu is the legal representative. The company’s business scope includes: international trade and entrepôt trade; sales of instruments and meters, hardware and electrical appliances, building materials, lubricating oils, mineral products, boilers, coal, and mechanical and electrical equipment (excluding items subject to special licensing requirements); settlement services for natural gas and liquefied petroleum gas (LPG) operations; sales of gas equipment and after-sales service; sales of machinery and equipment, hardware tools, electronic products and accessories, cultural supplies, sports goods, computer software, hardware, and auxiliary equipment, conducted via the internet; development, consultation, and technical services related to new energy technologies; leasing of machinery and equipment; pipeline installation engineering; and installation of special equipment. (Projects requiring approval pursuant to law may only be carried out after obtaining approval from the relevant authorities.) Bo Yuan Energy (Dalian) Co., Ltd. has made external investments in one company.