Profile

　　Hunan Xiangtou International Investment Co., Ltd. (hereinafter referred to as “Xiangtou International”) is the 1st Sino-foreign joint venture investment company in China upon approval from Ministry of Commerce of the People’s Republic of China, and was established by Hunan Xiangtou Holding Group Co., Ltd. (hereinafter referred to as “Xiangtou Holding”) and foreign merchant Meiya Xiangtou Power Co., Ltd. (hereinafter referred to as “Meiya Xiangtou”) on Sep. 28th, 2005. The registered capital of Xiangtou International is RMB 4 billion Yuan, of which, Xiangtou Holding and Meiya Xiangtou contribute 50% respectively.

　　Xiangtou International will keep a foothold in Hunan, and face home and abroad, by using the experiences of both Chinese party shareholder and foreign shareholder in the aspects of developing, investing, constructing, operating and managing power projects at home and abroad. At present, the operational key point of Xiangtou International focuses on energy, especially the power project investment and operation, with the purpose of promoting the economic and social development, resources utilizing and energy structure optimization of the place where the project is located. In the future, Xiangtou International will develop to be an energy investment and operation company with rather large scale and sustaining development capacity.

　　Advantages of Xiangtou International

　　(I) Strong Fund Strength and Financing Ability

　　The total registered capital of RMB 4 billion Yuan of Xiangtou International has been paid in full amount. In addition to enough self-owned fund, by virtue of good operational performance and enterprise reputation, Xiangtou International has acquired total long term loan credit giving limit of RMB 1.523 billion Yuan from various banks. Up to Dec. 31, 2017, the asset liability rate of Xiangtou International was only 13.83%. As the only investment holding company approved by the state, Xiangtou International has a capital amplification effect of 6 times, and has strong development potential and financing capacity.

　　(II) Staff Team With High Qualities

　　There are 41 employees in the Head Office of XTI, among which 90% of staff have schooling record of university level. 39% staff of headquarters have Master’s degree, 46% staff of headquarters have undergraduate degree. 15 staff has intermediate profession title, 5 staff has high profession title.

　　(III) Advanced Hybrid Economic Management System

　　The highest power organization of Xiangtou International is board of directors, which sets up executive directors, acted as by Chinese party representative and foreign party representative respectively. The executive resources, and advanced business development experiences and management resources of both Chinese party and foreign party are combined, and a complete set of perfect management systems is made.

　　(IV) Strict Project Selection Standards

　　In the aspect of project selection, Xiangtou International has a complete set of strict selection systems and working procedures, and has devoted itself to seeking new energy projects with high development and investment return rate.