The Group possesses a comprehensive business model in our liquefied petroleum gas business. Our upstream procurement of liquefied petroleum gas consists of large-scale civil gas suppliers of liquefied petroleum gas equipped with their own terminals and storage, which mainly import liquefied petroleum gas from overseas, and domestic petrochemical refineries.
Our intermediary logistics to deliver liquefied petroleum gas consists of two models. The first one is that liquefied petroleum gas is delivered by our own logistics vehicle fleets while the second one is by gas carrier ships designated for liquefied petroleum gas use. We deliver liquefied petroleum gas from suppliers to wholesale customers and liquefied petroleum gas stations by our own logistics vehicle fleets, as well as deliver liquefied petroleum gas from suppliers to our own terminal and storage facilities by gas carrier ships.
Our customers consist of retail and wholesale customers. Retail customers include end users who we provide liquefied petroleum gas products in civil refuelling stations by means of cylinders, i.e. end users from residential, industrial and commercial sectors while wholesale customers are mainly other liquefied petroleum gas suppliers.