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 Company Profile:Shanghai  Baoyou New Energy& Technology Co., Ltd. wasestablished in 2016, and its office is located in Minhang District, Shanghai.

Oil preservation is a state-owned holding enterprise jointly funded by Shanghai

Kailun Group and Shanghai Petrochemical exchange Center, which belongs toShanghai SASASAC.            Mainly

engaged in crude oil, gasoline and diesel, natural gas, fuel oil, chemical

products, coal and other commodities business.           

In 2017, Baoyou sold about 210,000 tons of diesel and light cycle oil,

160,000 tons of gasoline and aromatics and 23 million cubic meters of natural

gas in China. The company has direct business cooperation with more than ten

state-owned enterprises, such as PetroChina, Sinopec, CNOOC, Sinochem,

Sinochem, China Shipping, China Coal, Huaneng, Datang, Huadian, and

China-Guangzhou Nuclear Corporation.           

Kellen Group, a shareholder of the company, is a state-owned enterprise

under the jurisdiction of SASASAC. It ranks first in real estate, finance,

paper and glass industries. Shareholder Shanghai Petrochemical Trading Center

is an excellent state-owned mixed enterprise in Shanghai, with annual sales of

nearly 200 billion yuan radiating to 20 provinces and cities in China, and has

its own dangerous chemicals warehousing enterprises and dangerous chemicals

logistics enterprises.            As a

professional supply chain platform established on the basis of state-owned

background, oil conservation will strive to be a comprehensive energy

management company spanning oil, gas, coal and electricity.                 

Tianjin Tourism Group is a largestate-owned enterprise group directly under the Municipal SASASAC. It is

authorized by the Municipal Government to operate and manage assets. It has

business sectors such as hotels, tourism, commerce, financial capital and

supporting services. The company now has eight international five-star hotels:

Tianjin Westin Hotel, Tianjin Sheraton Hotel, Tianjin Lishunde Building,

Oriental Culture Hotel, Tianjin Crystal Palace Hotel, Tianjin Friendship Hotel,

Tianjin Ruijin Garden Villa Hotel, Potai Hot Spring Hotel.            At the same time, it owns the onlylarge international limited company specializing in international cruise

business in Tianjin. The company also owns the largest convention and

Exhibition Center in Tianjin and the largest food street in Tianjin. The

company's total assets amounted to US $250 billion.           

At present, the company is activelyexpanding overseas oil projects, and the annual planned purchase amount is 30

billion US dollars.