Changyuan Changtong, a major subsidiary of CYG (ChangYuan Group), is awarded tenders concerning the Sichuan – Shanghai Natural Gas Project by China Petroleum & Chemical Corporation (Sinopec). The preliminary value of the tender is about USArticleContent,568,000*.

Sinopec has selected 14 manufacturers in the first round of this bidding. Then, eight manufacturers were screened out after the presentation. Finally, four suppliers were selected after bidding. Changyuan Changtong is the only one who is awarded tenders for 3 sections in the project.

The total length of Sichuan – Shanghai Natural Gas Project is more than 5000 kilometres. These awards of tenders demonstrate that CYG has already established good relationship with Sinopec.

* Based on a reference exchange rate of US $ 1=RMB7.6511 as at 7 June 2007.