Amidst the relationship between China and the Middle East becoming closer and closer, Mr. David An, Chairman of the Board of Directors of Hans Energy Company Limited (“Hans Energy” or the "Company”, stock code: 554) grasped this market opportunity to visit the Middle East with the senior management of the Company for business negotiation, seeking to explore business opportunity and reinforce collaboration prospect.

The relationship between China and the Middle East is mainly based on energy and trade. According to an investigation, the Middle East Gulf has injected US$ 20 billion (approximately HK$ 156 billion) in the China’s market in 2006. On the other hand, to secure a steady supply of petroleum and natural gas, China has as well considerably increased its investment in the Middle East in recent years. It is expected that the Middle East will invest US$ 250 billion (approximately HK$ 1,950 billion) in Asia in the coming five years which is believed to generate tremendous business opportunity to numerous companies in China.

With the Middle East extending their reach to the China market, Hans Energy has already introduced Istithmar, a private equity investment fund of Dubai government as a strategic investor since mid of this year. The management’s visit has undoubtedly laid a solid foundation for the Company’s establishment of its overseas market in the future, bringing significant influence on the Company’s business development.