In 2014, Goldcard and Xinghan Group Company of Shizushan, Ningxia,
signed the "cooperation framework agreement", Goldcard invested Xingze
Gas Co., Ltd. by the cash capital increasing, holding the share of 45%.
Xingze
Gas Co., Ltd. locates in Shizushan area (two districts and one county),
has the franchise of transmission, distribution, production, storage
and supply of natural gas and liquefied petroleum gas. Currently
consists of seven gas reserve stations, participates the investment of
two reserve station, laid high, medium and low pressure gas pipeline of
891km, annual gas transmission capacity up to 195 million cubic meters.
Currently owns a variety of 170,000 gas users , five CNG filling
stations, approximately 6,000 gas vehicles. The increasing investment of
Xingze Gas expanded the gas business area scope of Goldcard in the
northwest China, combined with Huachen investment company, basically
realized the full-line industrial coverage from production to supply in
Shizuishan area, played a positive role in promoting of achieving the
double-track development of "Smart gas meter + gas supplies" of
Goldcard.
