On April 6, 2016, Hegang, Heilongjiang, 1.8 million tons of coal to methanol to 600000 tons of olefins (or aromatics) project investment and construction cooperation framework agreement was signed. The contracted investor is Dalian Hongdian Investment Holding Group Co., Ltd. The total investment in the initial construction scale of the project is 17 billion yuan, and the sales revenue is expected to reach 7.5 billion yuan after delivery.

From April 5th to 6th, Lu Fengshan, Chairman of Dalian Hongdian Investment Holding Group Co., Ltd., Mou Xiuchang, President of Dalian Hongdian Investment Holding Group Co., Ltd., and an expert investigation team invested in the construction of a coal-to -1.8 million-ton methanol-to -600000-ton olefin (or aromatics) project. The construction of a high-tech coal chemical industry demonstration industry base in Heilongjiang Province conducted on-site inspections and held talks with relevant officials in Hegang City, and finally signed a project cooperation framework agreement.

Wu Fengcheng, Secretary of the Hegang Municipal Party Committee and Director of the Standing Committee of the Municipal People's Congress, Liang Chengjun, Deputy Secretary of the Municipal Party Committee and Mayor, technical experts from Shanghai Huanqiu Engineering Co., Ltd. and Dalian Institute of Chemical Physics, Chinese Academy of Sciences, Longmei Group, Longmei Hegang Mining The relevant persons in charge of the company, the main persons in charge of the Municipal Development and Reform Commission, the Government Office, the Land Bureau, the Water Bureau, the Water Bureau, the Water Bureau, the Water Bureau and Financial Bureau and Financial Units and Financial. On the afternoon of

th, Liang Chengjun accompanied the inspection team to the municipal coal chemical industry park, Junde coal mine of Longmei Hegang mining company, Qingshi mountain site and xiaohelihe reservoir, etc. to inspect the plot to be selected for the project, and to understand in detail the scale of the alternative plot and the basic factors such as raw coal, water, electricity and roads required for the landing of the project.

On October 20, 2015, Jilin Daan and Dalian Hongdian Investment Holding Group signed an investment and construction agreement for the coal pyrolysis grading utilization of ethylene glycol project. At the same time, Hongdian Group also signed an agreement of intent to invest 6 billion yuan and 600000 tons of olefin project with Xinxing Energy Technology Co., Ltd. of Dalian Institute of Chemical Physics, Chinese Academy of Sciences. The

400000-ton ethylene glycol project was built by Dalian Hongdian Group with an investment of 5.47 billion yuan. The construction site is located in Liangjiazi Chemical Industrial Park with a construction period of 3 years. The construction of the project includes four main production units, including a low-temperature dry distillation unit, a tar hydrogenation unit, a gas treatment unit, and a semi-coke glycol treatment unit, as well as public and auxiliary production facilities directly supporting them in the boundary area. The products include an annual output of 424800 tons of ethylene glycol, 34900 tons of gasoline and 125000 tons of diesel oil, as well as 9 types of by-products such as light oil, liquefied gas and sulfur. The 600000-ton olefin project was built by Dalian Hongdian Group with an investment of 6 billion million yuan. The construction site is located in Liangjiazi Chemical Industrial Park. The project uses 1.8 million tons of methanol as raw material to produce olefins, and can produce 600000 tons of ethylene, propylene and other chemical products annually.