Corporate Overview

We are a leading producer of biodiesel and related products in China. We were founded in 2001 and listed on the NYSE in 2007.Our stock code is "GU".

Currently, we have an aggregate annual production capacity of 290,000 tons of biodiesel. As a pioneer of the biodiesel manufacturing sector in the country, we intend to promote biodiesel as one of the best solutions for China’s energy needs by producing quality and environmentally friendly biodiesel at competitive cost.

Due to the continuous expansion of the Chinese economy and corresponding increasing demand for energy, we expect the Chinese economy to source a greater proportion of its energy needs from alternatives to petroleum-based diesel which are non-renewable. We believe that biodiesel will capture an increasingly larger share of China’s energy demand as environmental awareness increases in China and more efficient energy sources are sought. Traditionally, petroleum-based diesel has been the major source of energy supply. However, we believe our products can capitalize on the rising demand for energy and the increasing popularity of environmentally friendly energy.

Our products are biodiesel and chemical by-products of biodiesel including glycerine and refined glycerine, plant asphalt, erucic acid, erucic amide and stearic acid. Our biodiesel is primarily used by our customers as an energy source and also in conjunction with conventional petroleum-based diesel, while our by-products of biodiesel have a wide range of applications. Our production facilities are located in Beijing, Shanghai, Mianyang in Sichuan province, Handan in Hebei province and Fuzhou in Fujian province, serving the northern, eastern interior and southeastern regions of China respectively. We target to increase our annual production capacity to 400,000 tons by the end of 2008 with the expansion or addition of new production facilities in Beijing,Shanghai, Hunan and Chongqing.

We intend to maintain our leading position in the biodiesel industry in China and become a major producer of quality and cost effective alternative energy products.