China Oil Gangran Energy Group Holdings Limited (“China Oil Gangran”, or together with its subsidiaries, “the Group”, stock quote: 08132.HK, formerly known as Fairson Holdings Limited), is headquartered in Hong Kong and listed in the Growth Enterprise Market (GEM) of Hong Kong Stock Exchange. Responding to China’s “12th Five-Year Plan” that encourages the Liquefied Natural Gas (LNG) utilization on waterborne transportation industry, as well as seizing the opportunities of sharply increasing demands for clean energy consumptions in China, the Group plans to make strategic expansions to LNG and other clean energy businesses in China, and endeavors to further develop into a natural gas group with significant industry chain advantage and advance technologies.
China Oil Gangran has formed a JV company, namely Jiangxi China Oil Gangran Energy Technology Company Limited (“Jiangxi China Oil Gangran”, 江西中油港燃能源科技有限責任公司), with Jiangxi Zhongyou Yingtai Natural Gas Limited Liability Company and Zhongwaijian Engineering Construction Limited. The Group is the controlling shareholder. Based on the patent technology of LNG utilization conversion, the Group will integrate its excellent management capacities, international vision as well as Jiangxi Zhongyou Yingtai’s operational experiences in mainland China’s natural gas industry for market development and is committed to develop businesses of LNG utilization conversion on vessels and vehicles, city natural gas sales, taxi CNG sales and etc.
The Group will further explore the natural gas market in China by building advantages in the industry chain and reinforcing its business foundation. The Group has formed a wholly-owned subsidiary in Jilin Province of China, planning to develop business of gas and oil exploitation, LNG and CNG sales, city natural gas sales, primary gas filling stations and LNG filling stations. Meanwhile, China Oil Gangran seeks other opportunities as well for risk diversification and broadening revenue bases.
Embracing the corporate philosophy of “Leading clean energy development, Enhancing quality of life”, China Oil Gangran endeavors to become an internationally leading clean energy group with remarkable performance and contributes to the sustainable developments of society and our users. By seizing the opportunities of the fast-growing clean energy industry which is encouraged by China’s “12th Five-Year Plan”, China Oil Gangran will integrate its own prominent strategic planning capacities, Hong Kong’s international capital platform and utilizing its partners’ abundant energy resources and advance technologies for generating substantial growths and providing maximum business values.
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