Chairman's Message - Greetings from Mr. Fengbin An, CEO

Andatee China Marine Fuel Service has been growing rapidly over the years supplying marine fuel alternatives to the fishing vessel and small and medium sized vessel industry in China. Despite the recent economic slowdown and fluctuation in international prices, the Chinese economy underpinned by Chinese government's stimulus plan, which gave a boost to the domestic consumption and infrastructure development has maintained growth. In addition, the marine fuel industry is also expected to grow as the global economy improves and China's export industry picks up.

Capturing on the industry growth momentum, we are committed to focus on expanding our current distribution and retail outlet in Liaoning, Shandong and Zhejiang province, as well as to further increase our footprint to other provinces such as Fujian, Guangdong and Guangxi. At the same time, we will be expanding our product offerings by continuing to increase the customization of marine fuels to address the key elements of end‐user needs for lower prices, easier access to fuel and a wide variety of complementary services.

We believe our strategic focus to increase our presence in the eastern coastal cities in China supplying the underserved fishing; cargo and small vessels market will position us to becoming one of the fastest growing marine fuel alternatives suppliers in China.