On December 16, 2015, the first shareholders' meeting and the first board of directors of Hebei Guolin Engineering Technology Co., Ltd. were held at Tangshan Kailuan Linxi Mining Co., Ltd.

Hebei Guolin Engineering Technology Co., Ltd. was jointly established by Tangshan Guohua Technology International Engineering Co., Ltd. and Tangshan Kailuan Linxi Mining Co., Ltd. with a registered capital of 10 million yuan. It mainly engages in engineering design services, engineering technology services and consulting, mechanical and electrical equipment installation, specialized equipment maintenance, as well as wholesale sales of specialized equipment, general mechanical equipment, electrical equipment, coal, coal gangue, iron concentrate powder, etc. for coal preparation plants. The cooperation was established by both parties in March 2014 and officially listed on December 16, 2015. Zhao Shuyan, Chairman of our group, and Yang Haixin, Chairman of Kailuan Forest Mining Company, jointly attended the unveiling ceremony of Guolin Company.

The first shareholder meeting of Guolin Company passed resolutions such as the Articles of Association of Hebei Guolin Engineering Technology Co., Ltd., the Rules of Procedure for the Shareholders' Meeting of Hebei Guolin Engineering Technology Co., Ltd., and the Rules of Procedure for the Board of Directors of Hebei Guolin Engineering Technology Co., Ltd. The first board of directors and supervisors were elected. The first board of directors elected a new chairman of the company and appointed management personnel.

Zhao Shuyan, Chairman of the Group Company, has put forward requirements for the future development of the new company: firstly, grasp the coal preparation market, do a good job in the mechanical and electrical installation and custody operation of coal preparation plants; The second is to establish a flexible business mechanism to adapt to market demand; The third is to strengthen service quality and improve corporate reputation. In the current sluggish coal market, drawing on the successful experience and respective advantages of Guohua Technology and Kailuan Forest Mining Company in business management, seizing market opportunities to expand business in multiple aspects, and ensuring the long-term healthy development of the company.