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Introduction to the subsidiaries of Guangdong Hengfu Sugar Industry Group Co., Ltd.

1. Guangdong Hengfu Sugar Industry Group Longmen Company

Guangdong Hengfu Sugar Industry Group Longmen Company is located next to the 207 National Road in Longmen Town, Leizhou City. Its predecessor was the local state-owned Longmen Sugar in Guangdong Province. Factory, it was renamed Leizhou Hengfu Sugar Industry Development Co., Ltd. after restructuring in 2002. Hengfu Sugar Industry Group was established in 2006 and was upgraded to the parent company. The company's daily sugarcane crushing capacity is 12,000 tons, with an annual output of 150,000 tons of "Xuexian Brand" white sugar and 35,000 tons of edible alcohol. "Xuexian Brand" white sugar has been recognized as a national green food, a national inspection-free product and a Guangdong famous brand product. It is the largest single sugar company in Guangdong Province.

Address: No. 178, Xinhua Road, Longmen Town, Leizhou City, Guangdong Province

2. Xuwen County Hengfu Sugar Industry Development Co., Ltd.

Xuwen County Hengfu Sugar Industry Development Co., Ltd. is located next to National Highway 207, Xiaqiao Town, Xuwen County, 25 kilometers away from Hai'an Port. It has convenient water and land transportation, superior geographical location, and elegant sugar factory environment. The company's predecessor was the local state-owned Xiaqiao Sugar Factory in Guangdong Province. It was converted into a private enterprise after bankruptcy and auction in December 2002. After technological transformation, the company's daily sugarcane crushing capacity reached 4,500 tons, with an annual output of 50,000 tons of "Saigu brand" white sugar. tons, with an annual output of 5,000 tons of edible alcohol. The company has obtained ISO9001-2000 quality management system certification and is an outstanding private enterprise in Zhanjiang City and an advanced energy-saving unit in Zhanjiang City. "Saigu Brand" white sugar has been recognized as a national green food and has been rated as a "National Brand Product in the Food Industry" and "Guangdong Province Famous Brand Product".

Address: Xiaqiao Town, Xuwen County, Guangdong Province

3. Leizhou Hengda Sugar Co., Ltd.

Leizhou Hengda Sugar Co., Ltd. is located in Leizhou Guangyuan Road, Shicheng District, was formerly the local state-owned Leicheng Sugar Factory in Guangdong Province. It was renamed Kaiji Sugar after a bankruptcy auction in 2002. In April 2006, it was acquired by Guangdong Hengfu Sugar Industry Group Co., Ltd. with an investment of 130 million yuan and renamed Leizhou. City Hengda Sugar Industry Co., Ltd. The company's daily sugarcane crushing capacity is 3,800 tons, and its annual output of "Leicheng Brand" white sugar is about 50,000 tons. It has obtained the national green food A-level product certification.

Address: Xiaguang Road, Leizhou City, Guangdong Province (formerly Leicheng Sugar Factory)

4. Liaoning Jianping Hengtong Sugar Co., Ltd.

Jianping Hengtong Sugar Manufacturing Co., Ltd. is located in Heishui Town, Jianping County, Liaoning Province. Its predecessor was the Second Sugar Factory of Jianping County. It was acquired by Guangdong Hengfu Sugar Industry Group Co., Ltd. in 2007. The company's current sugar beet processing production capacity is 1,500 tons, with an annual output of approximately 25,000 tons of "Jingfeng Brand" high-quality soft white sugar and approximately 12,000 tons of granular meal. It is planned that the production and processing capacity of soft white sugar will reach 45,000 tons within two years.

Address: Heishui Town, Jianping County, Liaoning Province

5. Yunnan Jingdong Hengdong Sugar Co., Ltd.

Jingdong Hengdong Sugar Co., Ltd. Located in Wenjing Town, Jingdong County, Yunnan Province, it was formerly known as Jingdong County Zhemeng Sugar Factory. In June 2008, it was acquired by Guangdong Hengfu Sugar Group Co., Ltd. and renamed Jingdong County Hengdong Sugar Co., Ltd. The company currently has a daily sugarcane crushing capacity of 1,500 tons and an annual output of approximately 15,000 tons of white sugar. Jingdong County has abundant land resources. Hengfu Group helps sugarcane farmers get rich. Hengfu's concept of relying on sugarcane farmers to develop will help Hengdong Sugar Co., Ltd. reach more than 400,000 tons of sugarcane per year and produce about 50,000 tons of sugar in two or three years. .

Address: Wenjing Town, Jingdong County, Yunnan Province

6. Yunnan Jingdong Hengman Sugar Co., Ltd.

Yunnan Jingdong Hengman Sugar Co., Ltd. The company is located in Manwan Town, Jingdong County, Yunnan Province. Its predecessor was Jingdong County Manwan Sugar Factory. In June 2008, it was acquired by Guangdong Hengfu Sugar Group Co., Ltd. and renamed Jingdong County Hengman Sugar Co., Ltd. The company currently has a daily sugarcane crushing capacity of 800 tons and an annual sugar production of approximately 8,000 tons. It plans to produce 20,000 tons of sugar within two to three years.

Address: Manwan Town, Jingdong County, Yunnan Province

7. Guangdong Dahua Sugar Industry Co., Ltd.

Guangdong Dahua Sugar Industry Co., Ltd. is a standardized The private technology enterprise managed by the company has two sugar factories, located in Beipo Town and Hetou Town, Suixi County. They were acquired by Guangdong Hengfu Sugar Group Co., Ltd. in July 2009. Beipo Company has a daily crushing capacity of 7,500 tons and can produce 100,000 tons of white sugar annually. Hetou Company has a daily crushing volume of 2,500 tons and can produce 30,000 tons of white sugar annually. Dahua Sugar Industry Co., Ltd. uses the base as the carrier, technology as the support, and the contract as the link to strengthen pre-production, mid-production, and post-production services, establish a balanced benefit sharing mechanism for workers and farmers, and connect the sugar industry chain. The main product "Jinpo" brand trademark (white sugar) has been recognized as a famous trademark and famous brand product in Guangdong Province. At the same time, it has been recognized as a green product by the country. Guangdong Dahua Sugar Co., Ltd. has won the titles of "National Key Leading Enterprise in Agricultural Industrialization", "Top 100 Private Enterprises in Guangdong Province", and "China's Outstanding Private Technology Enterprise".

Address: No. 77, Chengfuqian Road, Suixi County, Guangdong Province

8. Zhanjiang Ganhua Sugar Co., Ltd.

The beginning of Zhanjiang Ganhua Sugar Co., Ltd. Founded in 1958, it is a large-scale enterprise integrating sugar production and chemical industry. In September 2009, it was acquired by Guangdong Hengfu Sugar Industry Group. The company processes more than 600,000 tons of sugar cane annually and pays nearly 10 million in taxes. The "Ganhua" brand first-grade white sugar produced by the company won the "Excellent Product Award" in the national industry quality evaluation, and the products are sold well all over the country. The company has won the titles of "Guangdong Provincial Civilized Unit" and "Top Ten Enterprises in China's Sugar Industry".

9. Leizhou Hengxiang Sugar Co., Ltd.

Leizhou Hengxiang Sugar Co., Ltd. was formerly the local state-owned Xiashiqiao Sugar Factory. After the sugar factory was restructured, it was renamed Leizhou City. Dadi Sugar Co., Ltd. was acquired by Hengfu Group in January 2010. The company is located in Tiaofeng Town, Leizhou City, adjacent to the Jiulong Mountain Natural Environment Zone. It covers an area of ??280,000 square meters and has assets of 180 million yuan. The company mainly focuses on the sugar production industry. Its current production scale is about 3,500 tons of sugar cane per day. It has a stable sugarcane area of ??80,000 acres, with an annual output of more than 40,000 tons of sugar and a daily output of 60 tons of alcohol. The "Weihong" brand first-grade white sugar produced by the company sells well all over the country and is deeply welcomed and trusted by customers.

Hengfu Sugar reorganizes Guangdong Zhonggu Sugar Group Co., Ltd.

On August 20, 2010, the bankruptcy and reorganization project of Guangdong Zhonggu Sugar Group Co., Ltd. and its subsidiaries was launched In the second round of investment promotion activities, the investment recruitment will recruit investors for the reorganization project through open bidding. The one with the highest bid will become the winner of the competition. Investors participating in the investment promotion include five powerful companies and individuals including China Sugar and Liquor Co., Ltd. and Guangdong Hengfu Sugar Group Co., Ltd. After seven rounds of bidding, Guangdong Hengfu Sugar Group Co., Ltd. finally won the qualification as an investor in Zhonggu Sugar Group’s bankruptcy and reorganization project with a bid of 813 million yuan, and paid an additional 24 million yuan to sugarcane farmers.

After Guangdong Hengfu Sugar Group won the qualification as an investor, the Zhanjiang Intermediate People's Court held the second creditors meeting on the 27th of this month. At the meeting, more than half of the creditors voted to approve the "Draft Reorganization Plan" of Zhonggu Sugar Group Co., Ltd. and its subsidiaries, and the creditor's rights represented by those who passed the vote exceeded two-thirds of the total creditor's rights, which complied with the relevant provisions of the Bankruptcy Law and established Guangdong Heng Fu Sugar Industry Co., Ltd. successfully won the investor qualification. Guangdong Hengfu Sugar Industry Group will pay 813 million and 24 million yuan in sugarcane farmers' payments on time and pay off various claims after the court rules and approves the bankruptcy reorganization draft.

After Guangdong Hengfu Group took over Zhonggu Sugar Group, the number of sugar factories increased to 17, and the scale and strength were further expanded. The court stated: The successful bankruptcy and reorganization of Zhonggu Sugar Group is conducive to promoting the development of the local economy and promoting the harmony and stability of the local society.