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      2. Home Business & Services Warehousing & Logistics
        WAREHOUSING BASE DISTRIBUTION
        With self-owned warehousing bases
        of 400,000 cubic meters;
        Operating warehousing bases
        under long-term lease
        of 100,000 cubic meters;
        Warehousing bases under
        preparation of 350,000
        cubic meters;
        Star Energy’s annual asphalt
        transfer volume will
        exceed 2 million tons.
        Ningbo Rizhao Xi'an Zhenjiang Wuhu Chongqing Hunan Hubei Guangxi Yunnan
        Self-owned warehousing base:
        Ningbo warehousing base (Gangxin, Haijing)
        358,000 MT
        with 50,000MT under preparation
        Self-owned warehousing base:
        Rizhao warehousing base
        12,000 MT
        with 40,000MT under preparation
        Self-owned warehousing base:
        Xi'an warehousing base
        24,000 MT
        Cooperative warehousing base:
        Zhenjiang warehousing base
        50,000 MT
        Cooperative warehousing base:
        Wuhu warehousing base
        10,000 MT
        Cooperative warehousing base:
        Chongqing warehousing base
        40,000 MT
        with 40,000MT under preparation
        Warehousing base under preparation:
        Hunan warehousing base
        40,000 MT
        Warehousing base under preparation:
        Hubei warehousing base
        40,000 MT
        Warehousing base under preparation:
        Guangxi warehousing base
        100,000 MT
        Warehousing base under preparation:
        Yunnan warehousing base
        40,000 MT
        BUSINESS STRATEGY

        "Three Horizontal & One Vertical Routes" Business Strategy

        Northern Route Strategy
        Rizhao Warehousing Base is taken as a landing warehouse of imports, which are directly transported to Xi’an Warehousing Base through a special train line, radiating to Shandong, northern Jiangsu, Henan, Shanxi and other regions along the way, and then transported from Xi’an to Shaanxi, Gansu, and Ningxia by road transportation. The business strategy of this route aims to optimize downstream customers, cultivate strategic partners, and promote the production of modified asphalt.
        Middle Route Strategy
        Zhenjiang/Nanjing in Jiangsu Province is taken as the transshipment place, where products are shipped through the golden waterway of the Yangtze River to the middle and upper reaches, radiating to Jiangsu, Anhui, Jiangxi, Hubei, Hunan, and Sichuan-Chongqing region along the way. The goal is to stabilize a portion of strategic customers, optimize the allocation of warehousing bases, and improve the turnover rate of warehousing bases.
        Southern Route Strategy
        Designed to develop the Southwest market with Guangxi as the landing point and trains as the transportation mode, this route is underway to accelerate the construction of Qinzhou Warehousing Base to connect the three horizontal routes with Star Energy's "One Vertical Strategic Route”.
        One Vertical Route Strategy
        Qinzhou is selected as the landing point, where products are transported northward to Guizhou, Chongqing, Chengdu, and even the northwest China through railway. The goal is to select partners, put regional bases into operation, and optimize logistics methods/costs.
        THREE-KILOMETER DEEP-WATER COASTLINE
        SEA TRANSPORTATION CAPACITY
        LAND TRANSPORTATION CAPACITY
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