Hong Kong Utilities Potentially Undervalued Companies

Beijing Jingneng Clean Energy Co., Limited generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in the People’s Republic of China.

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas.

Beijing Enterprises Holdings Limited, an investment holding company, engages in piped gas, brewery, water and environmental, solid waste treatment, and other businesses primarily in Mainland China.

Beijing Enterprises Clean Energy Group Limited engages in the investment, development, construction, operation, and management of photovoltaic power plants in Mainland China.

Huadian Fuxin Energy Corporation Limited, together with its subsidiaries, develops, manages, and operates hydropower projects and coal-fired power plants in Fujian province, the People’s Republic of China.

Beijing Enterprises Clean Energy Group Limited engages in the investment, development, construction, operation, and management of photovoltaic power plants in Mainland China.

Beijing Enterprises Holdings Limited, an investment holding company, engages in piped gas, brewery, water and environmental, solid waste treatment, and other businesses primarily in Mainland China.

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas.

Beijing Enterprises Holdings Limited, an investment holding company, engages in piped gas, brewery, water and environmental, solid waste treatment, and other businesses primarily in Mainland China.

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas.

Concord New Energy Group Limited, an investment holding company, engages in the power generation business in the Peoples Republic of China, the United States, and Hong Kong.

GCL New Energy Holdings Limited, an investment holding company, develops, constructs, operates, and manages solar power plants in the People’s Republic of China, Japan, the United States, and internationally.

Beijing Gas Blue Sky Holdings Limited, an investment holding company, engages in the sale and distribution of natural gas and other related products in the People’s Republic of China.

China Everbright Water Limited, an investment holding company, provides integrated environmental water services in the People’s Republic of China.

Tianjin Tianbao Energy Co., Ltd. generates and supplies power in Tianjin.

GCL New Energy Holdings Limited, an investment holding company, develops, constructs, operates, and manages solar power plants in the People’s Republic of China, Japan, the United States, and internationally.