During the inspection and exchange, Chairman Chen Bo of our company reported to Chairman Yang Erxi of the Board of Directors of Yidong Group on the development status of our company in recent years and the next two five-year strategic plans. And provide a detailed explanation to Chairman Yang on how to achieve the "Double Hundred Goals" and how to promote the overall reform of the material and trade sector, how to create a comprehensive service provider for the "Ordos Coal" industrial ecological chain, and how to provide coal resource services, channel expansion, logistics warehousing, internet and financial support and other value-added supply chain services for customers in upstream and downstream industries such as coal, steel, electricity, chemical, building materials, and non-ferrous metals.

Chairman Yang Erxi of the Board of Directors of Yidong Group, after listening to the report of Chairman Chen Bo of our company, fully affirmed our company's achievements in the development of the coal industry in recent years, and communicated the business situation and development plan of Yidong Group. Currently, Yidong Group has 1.8 billion tons of coal resources, and the next step is to achieve an annual production of 50 million tons of raw coal, 1 million tons of chemical products, an annual sales revenue of 20 billion yuan, and an annual profit and tax of 5 billion yuan, The total assets reached 35 billion yuan; 5 million tons of coal were converted on-site, and the sales revenue of the main coal industry reached 15 billion yuan; Approximately 500 new job opportunities are added annually. Entering the top 35 of China's top 100 coal enterprises and creating a national civilized unit.

1¡¢ Both shareholders are required to leverage their respective strengths, jointly integrate the huge coal market, improve the resource allocation level of the entire coal industry, and expand the visibility of Inner Mongolia Yidong Xinhe Energy Co., Ltd. in the Chinese coal industry market.