Air-conditioner Business

Shenzhen Shun Tian Yun Environmental Technology Limited (“Shun Tian Yun”) is an indirect 51% owned subsidiary of Global Energy Resources, which started a rental business of energy-saving air-conditioners in May 2015. Through entering into an exclusivity agreement and an purchase agreement with Shenzhen Li Bing Air-conditioners Limited (“Li Bing”) to purchase Li Bing energy-saving air-conditioners.
We believe the new business model, rental business of energy-saving air-conditioners, can attract more customers and help to the Group to generate a stable income stream.