A New Natural Gas Announcement on November 19th: Its subsidiary, Xinjiang Mingxin Oil and Gas Exploration Development Co., Ltd. participated in the listing auction of the exploration area of No. 7 in Santanghu Mining Area, Barkol Kazakh Autonomous County, Xinjiang and won the mining right with coal resources for approximately CNY 3.523 billion. The mining area covers an area of 109.28 square kilometers and the estimated resource of coal resources within 1000 meters is 2.093 billion tons. The transaction needs to be approved by the company’s shareholders’ meeting before implementation. The auction results will not have an adverse effect on the company’s normal production and operation. This auction does not constitute a related party transaction or a major asset restructuring.