Group 1 - The establishment of Xiangyun Haoyuan Recycling Co., Ltd. has been officially registered with a legal representative named Chen Hao [1] - The registered capital of the company is 2 million RMB [1] - The business scope includes licensed projects such as recycling of renewable resources (excluding production waste metals) and treatment of discarded electrical and electronic products [1] Group 2 - The company is also involved in the sale of chemical products (excluding licensed chemical products) as part of its general business activities [1] - The company will conduct its operations in accordance with relevant approvals and permits from authorities [1]

Core Viewpoint - Recently, Sinopec (Tianjin) Sales Application Technology Research Institute Co., Ltd. was established, indicating Sinopec's strategic focus on emerging energy technologies and related services [1] Company Summary - The new company is wholly owned by Sinopec Sales Co., Ltd., a subsidiary of China Petroleum & Chemical Corporation (Sinopec) [1] - The registered capital of the new entity is 100 million yuan, reflecting a significant investment in research and development [1] - The business scope includes research and development of emerging energy technologies, energy storage technology services, software development, and chemical product sales [1]

Group 1 - The company, Beiken Energy Group Co., Ltd., is planning a private placement of shares to raise funds for working capital and debt repayment, with a total amount not exceeding 353.16 million yuan [14][29][30] - The issuance price is set at 6.54 yuan per share, adjusted from an initial price of 6.59 yuan, based on the average trading price of the stock prior to the issuance [12][13] - The issuance will result in the issuance of up to 54 million shares, which will account for 21.18% of the company's total share capital post-issuance [5][14] Group 2 - The company aims to enhance its capital structure and reduce financial risks through this fundraising, as it has a high debt-to-asset ratio of 69.47% as of the end of 2022 [30] - The funds raised will support the company's strategic shift towards integrating new energy technologies within the oil and gas sector, aligning with national policies on energy transition and carbon neutrality [10][30] - The company has established itself as a leading comprehensive service provider in oil and gas resource development, with a focus on drilling and technical services [10][30] Group 3 - The controlling shareholder of the company will change to Mr. Chen Dong after the issuance, who is currently the overseas market development advisor [11][15] - The company has committed to avoiding any potential conflicts of interest or competition with Mr. Chen Dong's other business interests [20][21] - The company has a strong market position in the southwest region of China, providing integrated services that enhance operational efficiency and reduce costs for clients [10][30]