For immediate release 2 July 2015

China Oil Gangran Dedicates to Promote Clean Energy Business under
"New Strategy, New Concept, New Energy and New Development"

(2 July 2015 - Hong Kong) China Oil Gangran Energy Group Holdings Limited ("China Oil Gangran" or the "Group", stock code: 08132) has been developing clean energy business in recent years. The Group recently announced that it established a foothold into refined oil sales business by obtaining Refined Oil Retail Licence（成品油零售經營批准證書）from the Business Bureau of Jiangxi Province of the PRC and entering into an agreement with Jiangxi Jiujiang Sales Branch Company of PetroChina Company Limited（中國石油天然氣股份有限公司江西九江銷售分公司）in relation to the leasing of six bunker barges.

With excellent strategic planning and profound resources and experienced operation teams of clean energy business partners, the Group has developed to be a liquefied natural gas (LNG) energy group with advanced technology and consummate industrial chain. The Group organized a banquet event followed the theme of "New Strategy, New Concept, New Energy and New Development", which shared the latest development as well as announcing that the Group will proactively capture the opportunities arising from the application of natural gas by the government and press on with the development of its clean energy business.

Latest Development of China Oil Gangran
China Oil Gangran has jointly contributed with Jiangxi Zhongyou Yingtai Natural Gas Limited Liability Company (中國石油江西中油鷹泰天然氣有限責任公司) and Zhongwaijian Engineering Construction Limited (中外建工程建設有限責任公司) to establish Jiangxi China Oil Gangran Energy Technology Company Limited (江西中油港燃能源科技有限責任公司) ("Jiangxi China Oil Gangran"). The subsidiary is mainly engaged in the businesses of LNG, compressed natural gas (CNG) and related clean energies, including the projects of vessel LNG utilization conversion. Jiangxi China Oil Gangran has developed collaboration with Harbin HSP Company Limited (哈爾濱船動力技術有限責任公司) for system upgrade on the technology of vessel LNG utilization conversion. On the other hand, it extends its business into sales of refined oil by entering into an agreement with Jiangxi Jiujiang Sale Branch Company of PetroChina Company Limited（中國石油天然氣股份有限公司江西九江銷售分公司）in relation to the leasing of six bunker barges, each with a loading capacity of 1,600 tonnes and the total loading capacity of 9,600 tonnes. The subsidiary will operate six bunker barges in the Yangtze River, Gan River and Poyang Lake basins. In addition to the business of vessel LNG utilization conversion, Jiangxi China Oil Gangran is keen on establishing a new marketing channel comprising servicing stations integrating with oil refuel, gas refill and power charging.

In addition, Jilin China Oil Gangran Energy Development Company Limited (吉林中油港燃能源發展有限責任公司), a wholly-owned subsidiary of the Group, is the first wholly foreign-owned enterprise in Jilin. The company has collaborative businesses with Jilin Oilfield Management Bureau related to power upgrading, contractual energy management and new technological energy transformation. Moreover, it also participated in the development of Jilin Oilfield District 224, with the main objective of researching, coordinating and co-operating for the implementation approach and the related operation and technical issues. The subsidiary is also exploring new business developments in energy saving and environmental protection projects with the government and relevant enterprises, including the recycle of waste residue into new fuel and the recycle of dust produced during combustion process for the production of potash fertilizer as by-product.

Comprehensive Planning of Future Development
The support and emphasis on the transmission of natural gas by the government will be favorable to the development of the Group's natural gas business. "New Strategy, New Concept, New Energy and New Development" has briefly summarized future plans of China Oil Gangran.

New Strategy - China Oil Gangran's future development strategy will be leveraged on the macroeconomic and policy environment amid "One Belt, One Road" as well as "Reform of State-owned Enterprises".

New Idea - According to Sino-Hong Kong development guidelines established by the State Council of the PRC, the business direction is to rely on Hong Kong as a global financing platform and the resources in the PRC.

New Energy - Development of clean energy and new energy business on basis of refined oil sales and natural gas sales businesses.

New Development - Stepping beyond the limits and engaging more partners, the group aims to become a leader of the development of new energy industry. In addition, the group treasures the communication with shareholders and dedicated to maximize shareholders' value.

Mr. Rong Changjun, Vice Chairman and Executive Director of China Oil Gangran, said, "With energy policy support by the Chinese government, extensive resources of our business partners and strategic development on clean energy business, China Oil Gangran will go further under the objectives of "New Strategy, New Concept, New Energy and New Development". In future, we will continue to develop businesses with integrity, rigorousness and harmony as well as maintain our intimate relationship with shareholders in order to create a new glorious page for China Oil Gangran."

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About China Oil Gangran Energy Group Holdings Limited
China Oil Gangran endeavors to make strategic expansions to Liquefied Natural Gas (LNG) and other clean energy businesses in China. The Group's core business focuses on the LNG Utilization Conversion on Vessels as an act for grasping opportunities of nationwide demands of conversion services and LNG sales in the "Twelfth Five-year Plan" and "Thirteen Five-year Plan" period in China. Other business lines include City Natural Gas Sales, LNG Utilization Conversion on Vehicles, Taxi Compressed Natural Gas (CNG) sales, Natural Gas Distribution and etc. By integrating the Group's excellent strategic planning capacities, professional governing members and international experience, and strategic partners' support of abundant resources, sophisticated technologies and talents, China Oil Gangran is committed to becoming an internationally leading energy group.

For further information, please contact:
Executive Director - Mr. Gregory Ho
Tel: (852) 2154 1100
E-mail: gregory.ho@chinaoilgangran.com / info@chinaoilgangran.com