Competitive Strengths

Competitive Strengths

China's oil trading industry is highly competitive. The Group believes its competitive strengths give it a unique market position, namely:

• 1Proven reputation in the PRC oil industry
• 2Experienced and knowledgeable management team
• 3Well-established relationships with State-owned Licensed Import Agents and ultimate oil users
• 4Extensive oil products procurement network around the world
• 5Flexible and prompt decision-making capability
• 6Prudent financial and risk management policies
• 7Strengthened corporate governance and internal controls following recent strategic reforms
• 8Strategic acquisition of upstream assets to enhance supply chain integration and resource security