Changfeng Energy Inc. (“Changfeng” or “the Company”) is a Canadian public company currently traded on the Toronto Venture Exchange (“TSX-V”) under the stock symbol “CFY”. It is a natural gas distribution company (or natural gas utility) in the People’s Republic of China (“the PRC or China”).
Currently the Company has three projects in operation, two of them are city piped natural gas distribution projects, and one is a compressed natural gas (“CNG”) vehicle refueling station. Changfeng has a 30 year concession right to operate the gas distribution business in Sanya City, Hainan Province, and a 50 year operating right for its gas distribution business in the Xiangdong District, Pingxiang City, Jiangxi Province. Its customer base and exclusive operation provide recurring revenue and operating cash flows to the Company and allow the Company to pursue future expansion of its operations.
Since 2008, Changfeng has been actively exploring emerging-market opportunities in mainland China which resulted from the construction of PetroChina’ Second West-East Pipeline (“WEP II”). Today, Changfeng has grown through the responsible development and reliable operation of natural gas distribution pipelines associated facilities in China.
In 2009, Changfeng was recognized as being one of China’s the Top Ten Most Influential Brands in the Natural Gas Industry. Changfeng Energy has also been awarded the Certificate of the Quality Management System in compliance with ISO9001:2008 Standard and BS OHSAS 18001:2007—Occupational Health & Safety Management System Standard for its provision of natural gas and pipeline maintenance in 2011. The certificate is renewed every three years.
The Company’s primary goal is to become one of the predominant natural gas service providers in China. In pursuit of this goal, Changfeng continually strives to advance effective execution of its growth strategy by exploring business development opportunities in mainland China along WEP II. The Company believes that its ongoing projects will add value, generate revenues and leverage its strength to create long-term sustainable value for its shareholders and clients.