Vision

China's rapid economic expansion in the last two decades has been accompanied by corresponding growth in energy consumption as well as a deterioration of the environment as a result of consumption related pollution. These two trends have led to increased environmental awareness and calls for environmental solutions as an integral part of China's development on the part of both industry participants and consumers.

We believe that biodiesel is an effective solution for both problems because:

(i)	it is a clean, environmentally friendly and cost effective alternative to petroleum-based fuels, and
(ii)	it is an additional energy source to address rising energy demand. 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.

We believe that we are well positioned to benefit from China's growing demand for alternative sources of energy. China's economic expansion has been accompanied by a corresponding increase in energy consumption, which is currently predominantly supported by petroleum-based fuels.

We also believe that we will benefit from the increasing demand for environmentally friendly energy products in China. The Chinese economy has enjoyed one of the highest historical rates of growth since the late 1970s. As the country continues to industrialize, environmental problems have worsened due to rising levels of industrial waste generation, rising automobile ownership and the associated environmental hazards, and rising levels of environmental waste generated by consumption of food and water, among other factors.

In order to address such environmental concerns, the PRC government has instituted laws and regulations designed to improve the environment, such as the recently enacted Law of Renewable Energy Resources, to promote the development of more environmentally friendly energy sources. Our products utilize used cooking oil that are harmful to the environment if left untreated. By utilizing these waste materials, we offer a viable and environmentally friendly solution by converting otherwise hazardous materials into cleaner fuel.

Given the increasing importance of environmental protection in China, we are continuing to search for and invest in environmentally friendly businesses which we believe have good future prospects.