New Bulk Commodity Trade

Subsidiaries of this category include Ningbo Chisage Resource Co., Ltd., Chisage Energy And Chemical Co., Ltd. and Chisage Agricultural Products Co., Ltd.

- 01 -

Ningbo Chisage Resource Co., Ltd. is the bulk commodity trading platform of Chisage Group, being engaged in the trading of bulk commodities including rubber, plastic raw materials, liquid chemicals and ferrous metals. Chisage Resource strictly complies with the trinity trading mode by taking spot goods trading as basis, research as core and the futures and other financial derivatives as risk management means, sticking to the service concept of customer first and aiming to provide high values for the customers. Chisage Resource is stably developing and expanding to be a bulk commodity organizer and operator, which has been deeply integrated in the industrial chain. 

Chisage Agricultural Products Co., Ltd.- 02 -

Chisage Agricultural Products Co., Ltd. is subordinated to Ningbo Chisage Resource Co., Ltd., which is one of the subsidiaries of Chisage Group. The Company is primarily engaged in the agricultural products related bulk commodity trading, including natural rubber, synthetic rubber and cotton. Chisage Agricultural Products Co., Ltd. is deeply integrated in the rubber industry chain based on rubber trading, and is gradually expanding to the areas of cotton, pulp and other commodities so as to complete the product allocation. The Company persists in the principle of providing values for the industrial chain customers by taking the customers as the center, risk management as the core, industrial chain research as the driving force, futures and other financial derivatives as risk management means and spot transaction as service basis. And by means of trinity business mode, the Company is firmly dedicated to the deep cooperation with the industrial chain customers and has properly expanded to both upstream and downstream of the industrial chain so as to complete the industrial chain allocation and to finally become a bulk commodity organizer and operator based on the industrial chain.

Chisage Energy And Chemical Co., Ltd.- 03 -

Chisage Energy And Chemical Co., Ltd. is a holding subsidiary of Ningbo Chisage Resource Co., Ltd. established on March 16, 2018 with a registered capital of RMB 50 million, being engaged in the wholesale and retail of plastic raw materials, liquid chemicals and other bulk commodities and relative products. The company persists in the enterprise mission of "create values for customers" and under the market demand of "operational variation and management transformation and upgrading", the company has gradually developed and upgraded from a pure trader to an energy chemical supply chain manager connected with both upstream and downstream of the industrial chain and integrated with trinity model of information research, spot transaction and trading strategy. And now the company is aiming and proceeding to the target of as being the industrial leader in the world.