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Sherwin-Williams (Nantong) Coating Co., Ltd. is a wholly owned subsidiary of Sherwin-Williams Company (NYSE: SHW) established in China. As an integral component of Sherwin-Williams’ global manufacturing and supply chain system, the company specializes in the research & development, production, and localized supply of industrial protective coatings, marine coatings, container coatings, and certain architectural coatings. Its service sectors cover critical industrial applications including shipbuilding, energy & power, infrastructure, rail transit, construction machinery, and high-end equipment manufacturing. Its products have been successfully applied to LNG carriers, offshore wind installation platforms, and steel structure projects for sea-crossing bridges constructed by COSCO Shipping, China Merchants Heavy Industry, and ZPMC. The company operates the Sherwin-Williams Asia-Pacific Industrial Coatings Application Laboratory (Nantong), equipped with full-capability coating performance testing capabilities compliant with CNS, ASTM, and ISO standards, supporting end-to-end technical services—from coating system design and on-site application guidance to coating service-life evaluation. Leveraging Sherwin-Williams’ global patent portfolio, the company has achieved localized formulation iterations and process adaptations in specialized areas such as marine antifouling coatings, high-temperature resistant thermal barrier coatings, and waterborne heavy-duty corrosion protection systems. The company holds the Work Safety Production License, the National Industrial Product Production License (Coatings Category), the Pollutant Discharge Permit, and the Hazardous Chemicals Registration Certificate; it is certified to ISO 9001, ISO 14001, and ISO 45001 management system standards; complies with major international standards including AAMA 2605, IMO PSPC, and NORSOK M-501; and received Green Factory Certification from the China Classification Society (CCS) in 2024. The Nantong facility closely collaborates with Sherwin-Williams’ industrial coatings sales network across China, maintaining dedicated technical service teams in key industrial clusters in the Yangtze River Delta, Bohai Rim, and South China regions. Its products are also exported via Sherwin-Williams’ overseas distribution channels to Southeast Asia, the Middle East, and South America, supporting infrastructure projects along the Belt and Road Initiative. Collaborative initiatives encompass customized coating solution development, joint technology R&D, green coating application upgrades, and regional project-specific supply support.

Hinggan League Hongcheng Gas Co., Ltd. is a regional urban gas service provider based in Hinggan League, Inner Mongolia, specializing in the construction and operation of urban and rural gas infrastructure. Its core businesses include pipeline natural gas supply, liquefied petroleum gas (LPG) storage, transportation, and distribution, as well as installation and operation & maintenance (O&M) services for gas facilities. Its service coverage extends to residential users and commercial/industrial customers across all banners, counties, and cities within Hinggan League. The company possesses comprehensive capabilities spanning gas transmission and distribution, end-user connection, and full-lifecycle O&M of gas facilities. It has completed and is stably operating the Phase II Project of the Wulanhaote Old Urban Area Gas Pipeline Network Renovation (2023–2024), laying approximately 42 kilometers of medium- and low-pressure gas pipelines and benefiting over 18,000 households. Simultaneously, it undertook and commissioned the Alshan City Border Township Gas Connection Demonstration Project—the first county-level border area in Hinggan League to achieve pipeline natural gas connectivity. The company holds a “Gas Business Operation License” issued by the Hinggan League Housing and Urban-Rural Development Bureau (valid until 2027) and has obtained ISO 9001 Quality Management System Certification (Certificate No.: 02622Q30258R1M, valid until November 2025). Backed by its controlling shareholder, Inner Mongolia Hongcheng Energy Group Co., Ltd., the company continuously invests in, constructs, and ensures gas supply for regional gas infrastructure. Its current operational priorities focus on extending urban gas networks within Hinggan League, upgrading aging gas pipelines, and expanding gas access to remote townships. It offers practical cooperation models—including specialized gas planning consultation, EPC construction of gas pipeline networks, gas supply assurance partnerships, facility O&M outsourcing, and technical support—to local governments, housing and urban-rural development and energy regulatory authorities, industrial parks, and large-scale gas-consuming entities.

The IT Electronics Eleventh Design&Research Institute Scientific and  Technological Engineering Corporation Limited Qinghai Branch is a localized technical service unit established by the China Electronics Eleventh Design and Research Institute (affiliated with China Electronics Technology Group Corporation) in Qinghai Province. Relying on the comprehensive, end-to-end engineering service capabilities of its headquarters—covering electronic industry, semiconductors, new display technologies, new energy, and biopharmaceuticals—the branch operates from the western region of China, focusing on supporting infrastructure development for strategic emerging industries in Qinghai Province and the broader Northwest region. Its core business includes industrial and civil architectural design and consulting, engineering procurement and construction (EPC) contracting, and project management, with specialized expertise in cleanroom engineering, microelectronics fabrication facilities, biopharmaceutical production facilities, data centers, photovoltaic (PV) power generation, and lithium-ion battery manufacturing. It provides full-process technical services spanning early-stage planning, conceptual design, technology development, and technology promotion. Its core competencies stem from the headquarters’ national-level qualifications—including Class-A Comprehensive Engineering Design Qualification, Class-A Engineering Consulting Credit Certificate (for Architecture, Electronics, and Information), Class-A Engineering Supervision Qualification, and Class-A Specialized Design Qualification for Building Intelligent Systems—as well as certifications under ISO 9001, ISO 14001, and ISO 45001 management system standards. As a non-legal-entity branch, the Qinghai Branch undertakes projects within the scope covered by the headquarters’ qualifications and does not hold independent design qualifications. Representative projects completed include the cleanroom design for a major PV material manufacturing base in Qinghai, engineering consulting for a lithium battery cathode material project, and early-stage planning and conceptual design for certain industrial infrastructure facilities within Xining National High-Tech Industrial Development Zone. The branch consistently collaborates with Qinghai Provincial Department of Housing and Urban-Rural Development and Qinghai Provincial Department of Industry and Information Technology to promote standards for green, low-carbon industrial buildings, thereby supporting local advancement toward new-type industrialization. It offers customized cooperation models—including tailored engineering consulting, specialized design services, EPC contracting, and localized technical support—to local governments, industrial parks, and leading enterprises.

Xinlong Tu Environmental Protection Technology (Dalian) Co., Ltd. is a high-tech manufacturing enterprise specializing in the research, development, production, and sales of environmentally friendly industrial coatings. Based in Dalian, the company serves key national sectors including equipment manufacturing, infrastructure construction, and new energy supporting facilities. Its core business encompasses a range of eco-friendly coating solutions, including water-based metal anti-corrosion coatings, low-VOC topcoats for construction machinery, and specialized coating materials for rail transit equipment. All products strictly comply with the “Technical Requirements for Low Volatile Organic Compound Content Coating Products” (GB/T 38597-2020), with VOC content below industry limits. Green and stable supply is ensured through its registered water-based coating production line. The company maintains robust quality control capabilities and has obtained ISO 9001:2015 Quality Management System Certification (issued by China Quality Certification Centre) and has been recognized as a “Level-3 Standardized Enterprise for Work Safety (Light Industry),” with certificate validity extending to 2025. On the application side, the company primarily serves B2B customers in industrial settings where explicit requirements exist for environmental performance and process compatibility. Its customer base includes regional equipment manufacturers and infrastructure project entities. Currently, the company focuses on markets in Northeast China and the Bohai Rim region. Its cooperative advantages include customized formula development, rapid small-batch response, compliant delivery, and technical support, enabling it to provide downstream customers with integrated coating support services—from product selection recommendations and sample testing to bulk supply.

Xinyuan Power Co., Ltd. is a national high-tech enterprise specializing in the research, development, production, and sales of proton exchange membrane fuel cell (PEMFC) stacks and systems. It operates under the technology incubation system of the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, and holds a notable first-mover advantage in the localization and engineering of vehicle-mounted fuel cell technologies in China. The company’s core business covers the independent R&D and mass delivery of high-power vehicle-mounted fuel cell stacks (H Series and HY Series, rated power: 30–260 kW), fuel cell engine system integration, and critical components—including metallic bipolar plates and low-platinum catalyst-coated membrane electrode assemblies (MEAs). Its products have been deployed at scale in fuel cell buses, heavy-duty trucks, and special-purpose vehicles manufactured by leading Chinese OEMs such as Yutong Bus, Zhongtong Bus, Beiqi Foton, and Dongfeng Commercial Vehicle. Leveraging over 200 valid fuel cell-related invention patents—including more than 160 granted Chinese invention patents and over 20 international PCT patents—the company’s core technologies span key areas including MEAs, bipolar plates, stack structural design, cold-start capability, and water/thermal management. Its “High-Power-Density, Long-Life Vehicle-Mounted Fuel Cell Stack” received the First Prize of Liaoning Province’s Technology Invention Award in 2022 and has been included in the Ministry of Industry and Information Technology’s (MIIT) “Recommended Model Catalog for New Energy Vehicle Promotion and Application” as an approved powertrain system supplier. The company is certified to ISO 9001, ISO 14001, and IATF 16949 standards; it operates a CNAS-accredited comprehensive performance testing laboratory for fuel cell stacks and has led or participated in the formulation of 12 national and industry standards, including GB/T 23645—2023. Representative projects include hydrogen-powered transportation vehicles for the Beijing Winter Olympics (over 200 units deployed), Shanghai’s first demonstration operation of 100 fuel cell logistics heavy-duty trucks, and the fuel cell traction vehicle power system for the “Wind-Solar-Hydrogen-Energy Storage” integrated demonstration project in Ordos, Inner Mongolia. Technical collaborations extend to research institutions and automotive manufacturers in Japan, Germany, Canada, and other countries; in 2023, the company signed a joint technical verification agreement with Toyota Motor Engineering & Manufacturing (China) Co., Ltd. Currently, the company possesses intelligent production lines capable of manufacturing 5,000 fuel cell stack units annually and offers customized fuel cell stack supply, system integration, technical validation, and engineering services to vehicle OEMs, energy groups, local governments, and overseas partners.

Yonfer Agricultural Technology Co., Ltd. (Securities Abbreviation: Yangfeng; Securities Code: 000902.SZ) is one of China’s leading enterprises in the phosphate compound fertilizer industry, a national high-tech enterprise, and has been designated by the Ministry of Agriculture and Rural Affairs as both a “National Leading Enterprise in Modern Agricultural Industrialization” and a “Deputy Chairman Unit of the National Phosphate Compound Fertilizer Industry Technology Innovation Strategic Alliance.” The company has specialized in the phosphate compound fertilizer and new-type fertilizer sectors for over 40 years. Its core business covers research, development, production, and sales of the full range of phosphate compound fertilizers and new-type specialized fertilizers—including monoammonium phosphate (MAP), diammonium phosphate (DAP), high-concentration compound fertilizers, water-soluble fertilizers, slow- and controlled-release fertilizers, bio-organic fertilizers, and soil conditioners—and extends upstream to phosphate ore resource development (holding the mining rights for the Dayukou Phosphate Mine in Zhongxiang City, Hubei Province) and downstream to sulfur trading and an agricultural technical service network. Relying on its nationally certified enterprise technology center, postdoctoral research workstation, the Ministry of Agriculture and Rural Affairs Key Laboratory for Crop-Specific Fertilizers, and the Hubei Provincial Engineering Technology Research Center for New-Type Fertilizers, the company holds a total of 72 valid invention patents and 126 utility model patents, and has led or participated in the formulation and revision of 21 national and industrial standards. It has obtained ISO 9001, ISO 14001, and ISO 45001 system certifications, and holds the National Industrial Product Production License, fertilizer registration certificates issued by the Ministry of Agriculture and Rural Affairs and provincial authorities, and EU REACH registration qualifications. Its core brands—including “Yangfeng,” “Aofei,” “Baibeibang,” and “Dunfeng”—are distributed across all 31 provinces, autonomous regions, and municipalities directly under the central government, and have launched large-scale demonstration projects in areas such as black soil protection in Northeast China, acidified soil improvement in Southern China, and saline-alkali land remediation in Northwest China. The company has established China’s first integrated service center combining “digital agricultural services + intelligent fertilizer blending,” operating over 300 intelligent fertilizer-blending stations and more than 2,000 soil-testing and formula-fertilization service outlets nationwide. It undertakes sub-tasks under key national R&D programs during the 14th Five-Year Plan period, and several of its technologies have been listed by the Ministry of Agriculture and Rural Affairs as recommended technologies. Its products are exported to over 30 countries across Southeast Asia, South America, and Africa, with overseas revenue accounting for approximately 4.2% of total revenue in 2023. The company is open to in-depth collaboration with government projects, scientific research institutes, farming entities, distribution partners, and international clients in areas including green fertilizer R&D, customized fertilizer-blending services, solutions for improving cultivated land quality, co-development of intelligent agricultural service platforms, and international supply-chain coordination.

Xin Neng Air Products (Liaoning) Co., Ltd. Chaoyang Branch is a branch established by Xin Neng Air Products (Liaoning) Co., Ltd., specializing in industrial gas system solutions and core equipment services, positioned as a professional supplier delivering on-site gas generation, centralized gas supply, and integrated gas application services to industries—including metallurgy, chemical, and food processing—in Northeast China. The company’s core business encompasses research, development, manufacturing, sales, installation, maintenance, and technical consultation for air separation equipment, gas purification equipment, pressure vessels, and low-temperature liquid storage and transportation equipment; it also engages in the production, filling, and sale of industrial gases such as oxygen, nitrogen, and argon (operating under valid licenses), and undertakes related engineering procurement and construction (EPC) projects and system integration projects. Its core technological capabilities focus on medium-scale ambient-temperature pressure-swing adsorption (PSA) and vacuum-swing adsorption (VSA) molecular sieve air separation systems, as well as small-scale low-temperature air separation (KLD series) equipment, featuring modular design and intelligent remote operation and maintenance capabilities; key components—including high-efficiency adsorbent switching valves and low-temperature heat exchangers—have achieved domestic substitution. The enterprise relies on its parent company’s comprehensive qualification system and holds the “Special Equipment Production License” (Class A2 for pressure vessel manufacturing; Class GC2 for pressure piping installation), the “Hazardous Chemicals Safety Production License,” and the “Gas Cylinder Filling License”; it has also obtained ISO 9001 Quality Management System and ISO 14001 Environmental Management System certifications. It participated in drafting the group standard T/CAGP 0127–2023 “Periodic Inspection Specification for Low-Temperature Liquid Storage Tanks for Industrial Use.” Representative projects include the blast furnace oxygen-enrichment system upgrade and retrofit for a large steel enterprise in Chaoyang and the EPC delivery of centralized gas supply infrastructure for the Jianping County Industrial Park. Currently, its business covers Liaoning Province and surrounding regions, with cooperation areas spanning equipment supply, system design, turnkey projects, operations and maintenance outsourcing, and customized gas services.

Xinmin City Shuangfa Petroleum Supply Station is a regional energy infrastructure operator rooted in Xinmin City, Liaoning Province, specializing in retail services for refined petroleum products. It functions as a grassroots gas station serving local agricultural transportation, vehicles in townships, and fuel needs of surrounding industrial and commercial enterprises. The company’s core business is the retail sale of fuel products such as gasoline and diesel, strictly confined within the scope approved under its “Refined Oil Retail Operation Permit.” It does not engage in wholesale, production, or new-energy alternative businesses. Through continuous and stable operations since its establishment in December 1993, the station has constructed modern refueling facilities compliant with national environmental protection and safety standards, completed anti-leakage retrofitting, and passed inspection and acceptance by ecological environment authorities; it strictly complies with the “Emission Standards for Atmospheric Pollutants from Gasoline Filling Stations” (GB 20952–2020). It holds a valid “Refined Oil Retail Operation Permit” issued by the Liaoning Provincial Department of Commerce (Permit No.: Liao You Ling Zheng Zi [2021] No. 0187, valid until June 30, 2026) and a “Hazardous Chemicals Operation Permit” approved by the Xinmin Municipal Emergency Management Bureau (authorized scope: diesel with closed-cup flash point ≤60°C), thereby possessing standardized, compliant, and safe terminal fuel supply capability. As an individually operated business entity—without external investments or subsidiaries—the station focuses exclusively on localized service within Damintun Town’s main street and has not undertaken digital platform development, branded chain expansion, or cross-regional operations. In support of governmental regulatory coordination, refined oil supply-chain integration, localized energy security cooperation, environmental compliance technical services, and upgrades to township transportation energy infrastructure, the station offers stable, reliable, and fully licensed refined oil retail services at the terminal level.

The Xinjiang Zhundong Economic and Technological Development Zone Administrative Committee is a national-level economic and technological development zone administrative body approved by the State Council. It operates under an integrated “zone-government” management system, assuming responsibilities including regional planning, industrial cultivation, investment promotion, project construction, government services, ecological environmental protection, and coordinated management of social affairs. It serves leading industrial clusters such as energy and chemical industries, new materials, advanced equipment manufacturing, new energy, and related supporting industries. Leveraging proven coal reserves exceeding 3.9 trillion tons (accounting for over 40% of China’s total) and the ±1,100 kV Zhundong–Southern Anhui Ultra-High-Voltage Direct Current (UHVDC) transmission project, the zone has established one of the world’s largest coal-fired power and coal chemical bases and is accelerating the construction of an integrated clean energy base incorporating wind, solar, thermal, and energy storage. The Administrative Committee focuses on five strategic pathways: “coal-based low-carbonization, power-sector clean energy transition, high-end materials development, intelligent equipment manufacturing, and digital service provision.” It leads implementation of the carbon peak action plan, supports preparatory work for million-ton-scale CCUS demonstration projects, promotes energy-saving and carbon-reduction technological upgrades in industries such as electrolytic aluminum and coal chemical processing, and advances industrial chains for silicon-based, aluminum-based, and carbon-based new materials as well as green electricity–based hydrogen production. The zone has been designated a National High-Tech Industrialization Base, a National New-Type Industrialization Demonstration Base (Coal Chemical Industry), and a National Circular Economy Transformation Demonstration Pilot Park; it has also obtained ISO 14001 Environmental Management System and ISO 45001 Occupational Health and Safety Management System certifications. Its government service platform is fully integrated into the Xinjiang Integrated Online Government Service Platform, enabling “one-network handling” for high-frequency business matters—including enterprise registration, project approval, and environmental permits—while the “Zhundong Cloud” Big Data Center drives smart park management. Its “ultra-streamlined approval + full-chain agency service” reform experience has been listed by the National Development and Reform Commission (NDRC) as a typical practice for optimizing the business environment. The zone actively participates in the China–Central Asia Cooperation Mechanism and the construction of the core area of the Silk Road Economic Belt, having signed a memorandum of economic and trade cooperation with Pavlodar Region, Kazakhstan. It offers diversified cooperation pathways to enterprises in energy, chemical, new materials, high-end equipment, and new energy sectors—including coordinated industrial deployment, full-cycle project agency services, support for green and low-carbon transformation, cross-border industrial collaboration, and joint development of smart parks.