Industrial Investment

Air Road Logistics Co.,Ltd.

C&D Inc. holding 50.1% of equities； Xiamen Airlines holding 37.9% of equities； Zongteng Group holding 12% of equities. Air Road Logistics leverages the advantages of its three shareholders – C&D, Xiamen Airlines and Zongteng Network – to integrate the upstream and downstream resources of the logistics chain. Moreover, the company has plans to establish a cargo airline and progressively build itself into a modern integrated logistics service provider with air freight, modern warehousing, supply chain management and cross-border e-commerce operations.

C&D Newin Paper & Pulp Corp., Ltd. （00731.HK）

C&D Inc. holds 70% of equities of C&D Newin through a joint venture with Xinshengda. C&D Newin is listed on the Main Board of the Hong Kong Stock Exchange and Clearing Limited (HKEX), specializing in the manufacture of packaging paper products. Its manufacturing facilities are located in Zaozhuang City, Shandong Province, covering an area of 884 mu (about 59 hectares), with an annual capacity of about 420,000 tons.

Xiamen C&D Clenergy New Energy Co.,Ltd.

C&D Inc. holding 80% of equities; Clenergy Technology holding 20% of equities. Xiamen C&D Clenergy New Energy specializes in the investment and operation of distributed photovoltaic power plants. Consolidating its roots in Fujian Province, the company steadily expands its business into other provinces.

C&D Ningpu Times New Energy Technology （Fujian） Co., Ltd.

C&D Inc.’s subsidiaries holding 50% of equities; Ningpu Times ’s subsidiaries holding 50% of equities. Leveraging C&D’s client resources and Ningpu Times’ power exchange ecology, C&D Ningpu Times New Energy specializes in the ecological service business of new-energy commercial vehicles. The company has plans to build at least six power exchange stations in the next two years, contributing to the realization of the goal of “carbon neutrality”.

Zhangjiagang Free Trade Zone C&D Supply Chain Co., Ltd.

C&D Inc. holding 90% of equities. Zhangjiagang Free Trade Zone C&D Supply Chain provides offline supply chain services for the online public service platform of Zhangjiagang Free Trade Zone. Opening up bank financing channels, the company provides financial support for small and medium-sized trade enterprises in the zone and creates a model for cooperation between the demonstration city and demonstration enterprises for supply chain innovation and application.

Sichuan Yongfeng Pulp & Paper Co., Ltd.

C&D Inc. holding 40% of equities. Production scale, process technology and product quality are on the top level in the national domain of papermaking out of bamboo pulp. It owns domestic leading bamboo pulp production lines, with total investment of approximately 2.5 billion CNY and actual annual production scale of approximately 450 thousand tons. The company, a modernized bamboo pulp manufacturer in the Southwestern area, has its production bases located separately in Muchuan County and Xuyong County, Sichuan Province.

Xiamen Modern Terminal Co., Ltd.

C&D Inc. holding 37.5% of equities. It owns a coastline for quays measuring approximately 913 meters long, terrestrial domain of approximately 500 meters in vertical depth, terrestrial area of 420 thousand square meters for quays where 50 thousand-tonnage ships can be moored. Annual throughput of the quays’ berths for break-bulk cargoes can reach 4.2 million tons, whereas annual capacity for loading automobiles on the roll-roll shipment berths can reach 140 thousand.

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