On June 27, 2017, Shaanxi Huabin Zhengkai New Energy Co., Ltd. was formally established. Wen Zhigang, the county magistrate of Changwu County, Wang Baoming, the chairman of our company, Mi Xiaolong, the chairman of Shaanxi Coal Chemical Energy, and Niu Qingyan, the chairman of Kaifeng Tokyo Air Separation. Attended the signing ceremony.

Shaanxi Huabin Zhengkai New Energy Co., Ltd. was established by Shaanxi Coal Chemical Energy Co., Ltd., Shanghai Wuzheng Engineering Technology Co., Ltd. and Kaifeng Tokyo Energy Technology Co., Ltd. The company will renovate the 600,000-ton methanol plant for Shaanxi Coal Chemical Energy, and build a 300,000-ton ethylene glycol project in the first phase.