China Qinfat Group Co., Ltd. (hereinafter referred to as "the Group") was established in 1996 and listed on the Main Board of the Hong Kong Stock Exchange in 2009. Over nearly two decades of development, the Group's total assets have grown to RMB 15 billion, with annual sales of approximately RMB 10 billion. As China's economy transitions from high-speed to medium-high-speed growth, and with the launch and implementation of the Internet Plus strategy, the Belt and Road Initiative, the green energy strategy, and the establishment of the Guangdong Free Trade Zone, the Group has encountered new opportunities for development. In recent years, during periods of economic downturn, the Group has strategically positioned itself in areas such as the internet, smart logistics, coal–power integration, the Belt and Road Initiative, and the free trade zone. With the transformation of national strategies, the Group has now entered a new era of transformation. The Internet platform located in the Guangdong Free Trade Zone: the Hengqin Coal Trading Center In February 2014, the Group initiated the establishment of an Internet-plus industry network company in the Hengqin Free Trade Zone—the Zhuhai Hengqin Coal Trading Center—aiming to shift all or part of the nation's annual coal trading volume of 10 billion tons to online transactions, thereby building a distinctive coal e-commerce platform with core competitiveness. The smart logistics industry under the Belt and Road Initiative In the Pearl River Delta region, a key node of the Belt and Road Initiative, the Group has long been active in the port sector. The 15-ton-class dry bulk terminal at Gaolan Port in Zhuhai is one of the largest dry bulk terminals in the Pearl River Delta, making it an ideal hub for importing energy resources and exporting construction materials. The Group's intelligent terminals and fleet form its comprehensive logistics business segment and are poised to play a vital role in the Belt and Road Initiative.
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China Qinfafa Group Co., Ltd. is a company primarily engaged in coal trading. The principal business activities of the Company and its major subsidiaries include coal mining, procurement and sales, coal preparation, storage, and blending within China. The Company's coal mines include Xingtao Coal Mine, Fengxi Coal Mine, Chongsheng Coal Mine, Xinglong Coal Mine, Hongyuan Coal Mine, and the SDE Coal Mine in Kalimantan, Indonesia. The Company also operates logistics services, commodity transportation, and cargo vessel chartering. Its operations are mainly conducted in both the domestic Chinese market and overseas markets.