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Official Statement

CEFC China  21 Nov

November 21, 2017

In response to some media reports that He Zhiping, Secretary General of the China Energy Fund of Hong Kong (hereinafter referred to as the Fund), was prosecuted by the U.S. judicial authorities, CEFC China Energy Company Limited (CEFC China) attaches great importance to the incident, and hereby makes an official statement as follows:

1. China Energy Fund, registered in Hong Kong, is a non-governmental and non-profit organization established and fully funded by CEFC China in accordance with the relevant laws. It aims to promote international energy research, conduct public diplomacy, and facilitate global energy cooperation and cultural exchange.

2. As a non-governmental and non-profit organization, the Fund is not involved in any of the commercial activities of CEFC China, and has no commercial authorization relationship whatsoever with the company.

3. CEFC China does not have any investment activities in Uganda. CEFC China’s investment project in Chad is only a financial investment in CPC Corporation, Taiwan. Therefore, it does not have any of the so-called “interest relationship” with the Chadian government.

4. CEFC China conducts its business activities in strict accordance with the law, and it operates under sound business management. With the establishment of the Board of Supervisors, the Discipline Inspection Committee and the Audit Department, the company exercises strict internal control and has a strict supervisory system in place. Any activities that go against the law and discipline are strictly prohibited by the company.

We will continue to follow the latest developments of the incident, and will take necessary measures as required to safeguard our legitimate rights and interests. Thank you all for the care and support extended to our company.


 CEFC China Energy Company Limited


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