| Qingdao Taihe Oil and Gas Storage Co., Ltd registered in December, 2001, mainly constructs special dock construction and storage facility for petroleum LNG, receiver and discharge business of petroleum LNG, crude oil, finished oil, ancillary product and edible liquid product. Qingdao Taihe will establish a berth for crude oil tanker with 300 thousand ton capacity, one LGP dock berth with 50,000 ton, and one liquid chemical industry dock berth with 10,000 ton. The project is located in Lingshan Bay, Jiaonan, eastern of Shandong, faces to Yellow Sea, with superior geographical location, and convenient road communication, is the converging of Tongjiang—Sanya, Qingdao—Yinchuan, and Jiaozhou Bay Expressway Road. |