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GCL New Energy has a very clear strategic goal and plan for its LNG business

GCL New Energy has For example, GCL New Energy successfully achiev a breakthrough from 0 to 1 in LNG trade in the

second half of 2023, and quickly generat relat business revenue. In March last year, Nanjing GCL New

Energy Development Co., Ltd., an indirect whollyown guadeloupe email list 100000 contact leads subsidiary of GCL New Energy, and GCL Smart

Energy (Rudong) Co., Ltd., an indirect whollyown subsidiary of GCL Energy, sign an agency contract to

find and purchase qualifi international LNG resources and LNG receiving station services for the latter.

From this point of view,  The successful acquisition of 48% of the equity of the GCL natural gas project

not only achieves progress in business cooperation, but also further completes another piece of the puzzle of its “stationtrade integration” strategy.

It is understood that the first phase of Rudong LNG receiving

Station has start construction in September 2022 and is expect to be complet in the third quarter of

2025. After the completion of the first phase, the receiving station’s processing capacity is expect to reach 3 million tonsyear.

Considering the completion time of the first phase of Rudong LNG Receiving Station, the remaining

time from 2025 to 2026 will most likely be how to use scarcity and urgency in pop-ups: the transition period from trial operation to normal

operation of Rudong LNG Receiving Station. Therefore, it is expect that the Rudong LNG receiving

station will enter the normal operation stage from 2027.

At the same time, referring to the utilization rate of other LNG receiving stations and calculating

according to the average load rate of 70%, starting from 2027, the annual service volume of Rudong LNG receiving station will reach 2.1 million tons.

According to the historical operating data

Of other LNG receiving stations, profits can be generat in the year when they enter the normal

operation stage. This means that the Rudong LNG receiving liechtenstein number station will be able to enter a stage of

sustain profitability in 2027. Once the profits make up for the annual losses, the Rudong LNG

receiving station will be able to provide GCL New Energy with stable dividends, and its highquality asset attributes will continue to be highlight GCL New Energy has.

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