Business Overview

MIE Holdings Corporation (“MIE”) is one of the leading independent upstream oil and gas companies in China. It focuses on the exploration and development of oil and natural gas. Through years of operation, MIE has been able to demonstrate its technical advantages in low permeability and unconventional projects, and its management capability and development level have reached international leading level.

After more than 10 years of development, MIE has operated two oil and gas exploration projects and 9 oil and gas development projects, with more than 5,000 wells and a cumulative oil and gas production capacity of more than 2 million tons of oil equivalent.

MIE has participated in the investigation of nearly 100 oil and gas blocks in North America, South America, East Asia, Southeast Asia, Central Asia and Europe.

MIE is currently cooperating with CNPC to operate the Da'an crude oil product sharing project in Jilin Province in China, with a cumulative output of 11 million tons and a cumulative output value of more than 40 billion RMB.