1. 新疆众和 XINJIANG JOINWORLD CO., LTD. “One Belt and One Road” initiative encourages the development of Xinxiang aluminum companies. Innovative technologies help to explore new energy-saving ways. Give play to advantages and create a collaboration platform for companies in the industry. ---- Xinjiang Joinworld Company Limited Metallurgical Construction Company

2. 新疆众和 XINJIANG JOINWORLD CO., LTD. 1. The Status quo of Xinxiang aluminum industry 2. Introduction of TBEA Co., Ltd. 3. Introduction of Xinjiang Joinworld 4. Profile of Xinjiang Joinworld Metallurgical Construction Company Content

3. 新疆众和 XINJIANG JOINWORLD CO., LTD. In recent years, the westward trend is becoming increasingly prominent for Chinese electrolytic aluminium industry as large capacities were attracted by low electricity price in North China. Relying on abundant coal resources and the policy of project following resources, Xinjiang province provided rich resources for the strategic shift of aluminum industry and accomplished the business combination of coal- power-aluminum, which strengthened the ability to withstand risks in the strategic shift. The Status quo of Xinxiang aluminum industry In 2014, Xinjiang saw sustained increase on production of electrolytic aluminium as capacity potentials continue to be unleashed. By some accounts, Xinjiang has surpassed Henan in terms of electrolytic aluminium production to become a major producing area in China. As such, Xinjiang has transferred into a nationwide industrial base of electrolytic aluminium.

4. 新疆众和 XINJIANG JOINWORLD CO., LTD. Company nameCell typeOperating capacityCell number Capacity under construction Xinxiang Joinworld400KA18168 / Tianshan Aluminum400KA10087040 Xinfa Aluminum 400KA 500KA 160140840 Xinxiang Jiarun Investment Company 500KA503325050 xinjiang Qiya Coal Electricity500KA8064840 Xinxiang Shenhuo Coal Electricity 400KA 500KA 82668 / Xinxiang Oriental Hope Co., Ltd500KA9065290 Xinxiang Tianlong Mining 200KA 400KA 1517210 Total5954918270270 Production capacity status of Xinxiang electrolytic aluminium Companies The Status quo of Xinxiang aluminum industry

5. 新疆众和 XINJIANG JOINWORLD CO., LTD. NumberProvince Weighing full cost Power cost ratio 1 Shandong1290935% 2 Xinxiang1303420% 3 Inner Mongolia 1374632% 4Shannxi1383229% 5Guangxi1417642% 6Ningxia1418233% 7Gansu1432032% 8Liaoning1441340% 9Hunan1450238% 10Guizhou1476243% 11Qinghai1505334% 12Chongqing1506037% 13Henan1513442% 14Shanxi1524442% 15Yunnan1542237% 16Hebei1562844% 17Sichuan1567640% 18Hubei1609943% 19Fujian1638843% Demand-supply balance of alumina under new normal （ cost of electrolytic aluminium ） Weighting full cost distribution Power cost distribution The Status quo of Xinxiang aluminum industry

6. 新疆众和 XINJIANG JOINWORLD CO., LTD. The new initiative of “One belt and One Road” has shed great light to the Xinjiang electrolytic aluminium industry and provided fresh impetus to the aluminum companies. According to reports, the electrolytic aluminium capacity in Xinjiang will get to 8 million tons at the end of the 12th Five Year Plan. Now the region is on its way to be the new “city of aluminum” and one of economic belts of aluminum around the world. It’s believed that the industry will grasp the opportunity of “One Belt and One Road” and make full use of it to regain brilliancy and come to a new round of great leaps. One Belt and One Road The Status quo of Xinxiang aluminum industry

7. 新疆众和 XINJIANG JOINWORLD CO., LTD. Xinjiang Joinworld (the company) is sited at Urumqi, Xinxjiang province, one of the target regions in western development policy, is also the bridgehead for China’s develop-the-west campaign and plays a crucial role in the “One Belt and One Road” imitative. 。 Established at 1958 and went to public in Shanghai Stock Exchange at 1996, Xinjiang Joinworld is the first listed industrial company in Xinxiang and a pioneer of aluminum new electronic material in China. In 2003, TBEA Co., Ltd started to hold controlling interest in Joinworld and became the biggest share-holder.

8. 新疆众和 XINJIANG JOINWORLD CO., LTD. TBEA Co., Ltd is an innovative publicly traded company which consists of three main industrial groups: power transmission and transformation, new energy sources, and new material developments. Through huge investments in research and development and manufacturing facilities, TBEA has become a leading equipment manufacturer and exporter of transformers, electric wire and cables, new materials of high-voltage aluminum foil, and core control modules of solar energy converters. TBEA is a world-class producer of high-performance power transformers, HVDC converter transformers, special transformers, dry type transformers, reactors and HV instrument transformers. The company will achieve sales of RMB50 billion at the end of the 12 th five-year plan. Introduction of TBEA Co., Ltd.

9. 新疆众和 XINJIANG JOINWORLD CO., LTD. The company set up fourteen modern industrial parks and trading companies in Xinjiang, Sichuan, Hunan, Shandong, Liaoning, Shanxi, Beijing, Tianjin and Shanghai. Besides, the company owns an energy equipment manufacturing base in India and a energy company in Tajikistan.

10. 新疆众和 XINJIANG JOINWORLD CO., LTD. Xinjiang Joinworld is the biggest high-purity aluminum producer in China with No.1 capacity in the industry. Its electronic aluminum foil product fills the gap of this manufacturing technology in China. The company is capable of manufacturing comprehensive line of corrosion and foil products with operating voltage of 180V-100V for anticathode, which has wide applications in aviation, aerospace, defense industry, electronic information and transportation and exported to US, Japan and Europe in bulk. Introduction of Xinjiang Joinworld The national hi-tech Industrial Development Zone, Ganquanbao Industrial Park North part of the Urumqi high tech Industrial Park By the end of 12 th five-year plan, the company will achieve RMB6 billion.

11. 新疆众和 XINJIANG JOINWORLD CO., LTD. Relying on rich resources, the company successfully transformed resources to wealth and formed a circular economy of electronic new material industry chain of “energy- high-purity aluminum-electronic aluminum foil- electrode foil” featured with high- tech and high added-value, which help to upgrade the new industrial technology and provide clean materials for a environment-friendly society. Industrial chain of green circular economy

12. 新疆众和 XINJIANG JOINWORLD CO., LTD. Thermal power plant World-leading high-purity aluminum production line Domestic-advanced electronic aluminum foilProduction line of high-medium corrosion & formation 400KA electric tank 85KAfining aluminum tank Modern logistic park

13. 新疆众和 XINJIANG JOINWORLD CO., LTD. The Metallurgical Construction Company, a branch under Xinxiang Joinworld Group, mainly dedicated to constructions, transformation and maintenance of aluminium cell. It also has cathode quadrant iron sweating soldering technology and related services, provides busline repair, construction and overhaul for various founding furnaces, vacuum annealing furnace and steel rail soldering, distributes spare parts and undertakes projects of steel structure and mechanical and electrical products. Profile of Xinjiang Joinworld Metallurgical Construction Company With over 30-year experiences in electrolytic aluminium industry, the company is well equipped and has a huge contingent of technicians who can provide high-quality engineering construction services.

14. 新疆众和 XINJIANG JOINWORLD CO., LTD. Capital resources double-column vertical turning & boring mill kneading machine Currently, Xinxiang Joinworld possesses 123 sets of facilities including large hoisting equipments, BROKK robots, kneading machine and other machineries and soldering devices. horizontal band saw machine X2010/3000 planomilling machine

15. 新疆众和 XINJIANG JOINWORLD CO., LTD. Service scope Overhaul of electric tank New electric tank construction project Special service Spare parts distribution Heat flux and technical service project Repair works of various parts Distribution of ha mmer, claw and c ylinder shell Scope of the industrial service

16. 新疆众和 XINJIANG JOINWORLD CO., LTD. 400KA electric tank At least 400KA Design and construction of refined aluminum Newly-built electric tank Scope of the industrial service

17. 新疆众和 XINJIANG JOINWORLD CO., LTD. Mainten ance of various types of tanks Electric tank overhaul Scope of the industrial service

18. 新疆众和 XINJIANG JOINWORLD CO., LTD. Scope of the industrial service Special service Furnace overhaul On power bus repair

19. 新疆众和 XINJIANG JOINWORLD CO., LTD. Spare parts distribution With supports of Xinxiang’s regional business logistics platform, the company conducted manufacturing, purchasing, storage and distribution sectors for spare parts including hammer, claw and cylinder shell, so as to cut spare parts’ procurement cost of, occupation of capital and upgrade the service system in the enterprise, which will provide new opportunity of collaboration for the eight important aluminum companies in Xinxiang. Scope of the industrial service

20. 新疆众和 XINJIANG JOINWORLD CO., LTD. Scope of the industrial service Technical service Xinxiang Joinworld Metallurgical Construction Company strengthens interactions with techniques and marketing, and upgrades the industry’s service system through R&D and school-enterprise cooperation model. Information gathering AnalysisInitiate a project R&D Promoting

21. 新疆众和 XINJIANG JOINWORLD CO., LTD. Advantage of industrial services A high-quality aluminum service operator in Xinjiang through the advantage of resource. 1 Location 2 PromptnessProfessiona l skill 4 3 5 Cooperation basis with noted Chinese partners Patent technologies Located in the center of national strategic transfer area for electrolytic aluminum With capability that can rapidly respond to emergencies and start construction for electric tank With more than 30- year experiences on manufacturing, installation, design, production equipment repair technology for electrolytic aluminium tank The company owns multiple advanced technologies including thermofussion welding and non- stop repair of bus. Established partnership with a number of large aluminum enterprises in Xinjiang Unique advantages of industrial service

22. 新疆众和 XINJIANG JOINWORLD CO., LTD. Proprietary technology Thermal fusion welding technology When an overhaul of large pre-dried aluminum electrolytic cell of 300KA-600KA is conducted, traditional type connection strap is always used in the cathode square steel welding process, leaving very narrow space in the welding point, which makes the operation difficult under strong magnetic force in the production plant, and most important of all, cannot guarantee the welding quality, especially the consistency and the approximation of the flow equalization and the voltage drop, as a result, the future production management and cost reduction will be hindered. With the spread and adoption of new technology, new process and larger electrolytic cell, the cathode square steel welding technology also improves, and aluminum thermal fusion welding (also called heat-released welding) is one of the improved welding method that utilizes the superheating fused metal generated in the heat-releasing reaction between metal oxides and aluminum metal in order to realize integration without the impact of magnetic force. Through large amount of experiments, Joinworld conquered technical problems such as degassing, scorification and hot cracking together with some research institutes, achieved a parent-metal standard strength and electricity conductivity of broad industrialization prospect.

23. 新疆众和 XINJIANG JOINWORLD CO., LTD. Application analysis on thermal fusion welding technology The voltage of thermal fusion welding technology is 15mv-30mv lower than the traditional connection strap voltage, indicating a 0.2 percent upgrade of voltage efficiency and a greatly improved operation security, with a single 400KA cell period benefit of RMB116,800 and single 500KA cell period benefit of RMB285,000. Economic analysis The voltage of thermal fusion welding technology is 15mv-30mv lower than the traditional connection strap voltage, indicating a 0.2 percent upgrade of voltage efficiency and a greatly improved operation security, with a single 400KA cell period benefit of RMB116,800 and single 500KA cell period benefit of RMB285,000. Production security analysis Traditional welding can hardly guarantee the products quality as some of the cathode square steel could not achieve total current conductivity, causing uneven current distribution and leading to biased current of electrolytic cell, which might finally resulted in accidents such as aluminum spout and cathode dropping, or even electricity suspension of the whole production line when the case is really serious. While thermal fusion welding method could avoid all this with its cathode square steel’s even electricity conductivity. Proprietary technology

24. 新疆众和 XINJIANG JOINWORLD CO., LTD. Therefore, this technology is believed to be a significant technology revolution in the field of aluminum electrolysis. Proprietary technology

25. 新疆众和 XINJIANG JOINWORLD CO., LTD. Following on the heels of the development of industry and information technology, Xinjiang Joinworld Moden Logistics Co., Ltd. has opened up the upstream and downstream industry chains and has established a logistic network that based in Xinjiang and radiates all over the country. Now Joinworld provides integrated services including storage, railway delivery, highway delivery, packaging, and weighing with professional ability on logistic operation, supply chain plan, designing and management. Introduction to Xinjiang Joinworld Modern Logistics Co. Ltd. Joinworld has an exclusive railway of 1,050m with a transportation capability of 2,000,000tpy, a exclusive parking lot and around 70,000 m 2 of warehouses. The Joinworld Logistics District under planning and construction is expected to be the largest aluminum power trading platform as well as the largest raw material distributing center in the 5 provinces of Northwest China (Shannxi, Xinjiang, Gansu, Ningxia, Qinghai). Despite long-term cooperation with major electrolytic aluminum plants, Joinworld is actively developing various businesses such as the deal and delivery of aluminum oxide and aluminum ingot, and the trade financing.

26. 新疆众和 XINJIANG JOINWORLD CO., LTD. Advantages of Joinworld Location: Joinworld locates in the Dongzhan Road of North High-tech Zone, 300m north to the Urumchi main street, 1,500m to the Turpan-Urumchi-Dahuangshan high way, and 5,000m to the high way entrance heading for the Wucaiwan Industry Zone. Also, it is right in the center of the existing 8 aluminum plants in Xinjiang, a little more than 200km east to the East Hope, the Qiya Aluminum, and the Shenhuo, 50km to the Xinfa, 90km to the Tianlong, and 120km and 150km west to the Jiarun and the Tianshan Aluminum. Convenient railway transportation: through the joint operation of Changji Freight Transportation Center, Joinworld has set a good example for the cooperation between public transportation institutes and private companies, which not only is of crucial importance for Joinworld’s business expansion and regulative development, but also laid the foundation for the future development of the whole logistic s zone. Capital support: Joinworld has very good bank credit and credit extension, which could provide powerful support to its business operation. Differentiated service: Joinworld dedicates itself to the transformation and upgrading of logistics in the aim of expanding from fundamental transportation business into the sectors of warehousing, trading, forwarding, and financial logistics so to get the recognition of customers and make profit through all these differentiated services.

27. 新疆众和 XINJIANG JOINWORLD CO., LTD. TBEA and Xinjiang Joinworld hopes to bound up with all kinds of enterprises To utilize their own advantages for the joint establishment of cooperation platform And to provide professional services with high quality and good efficiency for global customers. Thank you ！