The China New Energy Limited (“CNE” or the “Company”) Group is a technology, process and engineering solutions provider, whose operations are based in China, for bioethanol and biobutanol projects focusing on the bioenergy sector.

Through its wholly owned subsidiary, Guangdong Zhongke Tianyuan New Energy Science and Technology Co. Ltd (“ZKTY”), the Group provides process technology, engineering designs, plant manufacturing and operational services in connection with the production of, inter alia, fuel ethanol, edible ethanol, biobutanol, bioacetic acid and other chemicals from agricultural plant materials and waste. ZKTY provides its services to primary producers and users of bioenergy. The products made using its technology, bioethanol and biobutanol, are commonly used by downstream producers as primary fuels, as solvents for use in the chemicals industry or as ingredients for the beverages industry. The Group’s activities are principally based in the PRC, however, it also provides services to overseas customers in areas including Romania, Taiwan, Russia, Thailand and Indonesia.

Since its formation, ZKTY has advised on 88 projects with an aggregate production capacity of approximately 9.0 million tonnes per year (“t/y”) and a total contract value of approximately RMB1.5 billion.

ZKTY has proprietary and patented bioenergy technology, and maintains its own research and development laboratory to further develop its technology and patent portfolio. The Group has benefited from the historical links between GZTY Regeneration Resources (from which ZKTY acquired much of its technology and other assets (see details below)) and the Guangzhou Institute of Energy Conversion, a division of the Chinese Academy of Sciences (“GIEC CAS”), from which GZTY Regeneration Resources was originally spun-out and which was originally an indirect shareholder of GZTY Regeneration Resources. GIEC CAS is a prominent research centre in China which specialises in the research of alternative energy and renewable energy technologies.

ZKTY has received international standards accreditations, including ISO 9001:2000, ISO 9001:2008 and CE marking for part of its equipment.