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Introduction to Xinjiang Guanghui Industrial Investment Group Xinjiang Guanghui Industrial Investment (Group) Co., Ltd. was founded by Mr. Sun Guangxin in 1989. After 17 years of entrepreneurial development, it has now formed a modern large-scale private enterprise group with assets of 12.298 billion yuan and 24,462 employees, integrating clean energy, automobile service industry and real estate industry. Since 1998, Guanghui Group has actively participated in the restructuring of state-owned enterprises, merged and reorganized 29 state-owned and collective enterprises, resettled nearly 20,000 employees of enterprises in difficulty, and helped these enterprises on the verge of bankruptcy get out of trouble and turn losses into profits. In 2005, Guanghui Group achieved operating income of 11.977 billion yuan, ranking 207th among China's Top 500 Enterprises, 17th among China's Top 500 Private Enterprises, and 240th among the "First Top 1000 Enterprises with Outstanding Contributions to China's Economic and Social Development". The company has won dozens of honorary titles such as "National Outstanding Private Enterprise", National "Integrity Taxpaying Enterprise" and National "Glory Star". By the autonomous region party committee and people * * It is known as "a banner of Xinjiang's non-public economy". Chairman of the Board of Directors of the Group Company * Sun Guangxin has won many honorary titles at provincial, ministerial and above levels, including "China's Top Ten Private Entrepreneurs", "China's Top Ten Real Estate Figures", "National Top Ten Economic Talents", and "Outstanding Builder of Socialism with Chinese Characteristics". Facing the new economic situation, Guanghui Group will closely rely on Xinjiang's advantageous resources, adhere to the people-oriented scientific outlook on development, fully carry forward the spirit of Guanghui people's "never-ending pursuit of excellence", and go all out to develop the clean energy industry, automobile service industry and real estate industry, stabilize, refine and strengthen these three industries, create new core competitiveness of the enterprise, continuously promote the steady and sustainable development of the enterprise, and lay a solid and reliable foundation for Guanghui Group to enter the ranks of the top 100 Chinese enterprises. Introduction to the coal-based 1.2 million tons of methanol and 800,000 tons of dimethyl ether projects of Xinjiang Guanghui New Energy Co., Ltd. Xinjiang Guanghui New Energy Co., Ltd. is a wholly-owned subsidiary of Xinjiang Guanghui Industrial Investment (Group) Co., Ltd. It relies on the resource advantage transformation strategy of the autonomous region and utilizes the rich coal resources of Xinjiang Hami and its unique natural resource advantages and convenient transportation to develop coal chemical industry. * * Taking the opportunity to encourage the development of coal chemical industry and vigorously develop the market for clean petroleum alternative energy, we have invested heavily in the construction of the fourth phase of the project in Naomao Lake, Yiwu County, Hami. The first phase of the project plans to build a 1.2 million tons methanol and 800,000 tons dimethyl ether project. Currently, all work is progressing smoothly and it is planned to enter the construction period in the first quarter of 2007.