The addition of the storage facilities will generate stable rental income for the Group. It will generate synergies with The Group’s International Trading and Bunkering business and Marine Transportation business. They will also contribute significantly to the Group’s operational performance on the whole by enhancing the quality and efficiency of its bunkering and trading business.
In an effort to drive the coordinated development of the Group’s International Trading and Bunkering and Marine Transportation Business, we rent third-party storage facilities at ports in Shanghai, Ningbo, Zhoushan, Qingdao, Singapore, Europe and the US. Meanwhile, the Group does not exclude the possibility of transferring part of its assets or equity shares to international oil companies or developing projects in cooperation with them.