On 5 January 2018, China Tian Lun Gas Holdings Limited (“Tian Lun Gas”) announced that its subsidiary Henan Tian Lun Gas Pipeline Network Co., Ltd. (“Tian Lun Pipeline”) has recently been granted an exclusive pipeline gas concession right in Ye County of Pingdingshan City, Henan Province. The term of the concession right is 27 years, Tian Lun Pipeline is entitled to exclusively plan, design and construct the township pipeline natural gas pressure regulating stations, build natural gas pipelines and provide natural gas via pipelines to local users, and provide relevant maintenance, repair and emergency rescue services in respect of the pipeline natural gas facilities in 13 townships in Ye County.

Ye County is located in the central area of the Henan Province and close to Tian Lun Gas’s longhaul pipeline transmission network in Pingdingshan City and its township pipeline natural gas concession right project in Baofeng County. Ye County has a population of approximately 777,000. Pingdingshan Chemical Industry Cluster Area, one of the important industry cluster areas in Henan Province, is located in Ye County, mainly covers coal chemical, salt chemical, nylon, warehousing logistics and thermal power projects, and is expected to become the largest coal salt chemical industry base in central China upon completion, with strong demand for industrial coal-to-gas conversion and township coal-to-gas conversion in Ye County.