Company Profile
New Oriental Energy & Chemical Corp (NASDAQ ticker : NOEC) was incorporated under the laws of the State of Delaware on November 15, 2004.NOEC has been listed in NASDAQ capital Market in may 16,2007.our head office is located in Beijing ,and carries on its business through its wholly owned subsidiary ,Henan Jinding Chemical Industry Co. Ltd . Henan Jinding Chemical Industry Co. Ltd was registered in September, 2003, with a registered capital of thirty eight million yuan, and operation was formally started on October 1st, 2003. Our company is a private owned company with stock share system, with Urea, Ammonium Bicarbonate, Methanol , DME as its main products and owned annual production capacity of 150,000 tons Ammonia and Methanol, 150,000 tons Urea, 60, 000 tons Ammonium Bicarbonate , 100,000 tons Methanol and 150,000 tons DME . By the end of October, 2008, our company has five hundred and twenty million yuan assets and 1400 employees. The corporation was evaluated as the outstanding private owned enterprise in Henan, and the Urea of Jinding Brand got the honor of excellent product in Henan. Jinding Brand was the famous trademark in Henan, and Ammonium Bicarbonate of Jinding brand was honored by the Ministry of Chemical Industry. The Company has been certified by ISO9001 QMS and ISO14001 EMS. Moreover, the Company was awarded by quality management price for three times, awarded outstanding private enterprise and high-growth private enterprise price and the best price in complying with contracts and keeping promises. The Company is the one of ten enterprises which has been developed most rapidly in the Henan fertilizer industry during the Tenth 5-Year Plan. It is very important for the Company because we are the only one private enterprise in Henan Province which listed in the NASDAQ main board. .

  Background
Agriculture is the foundation of the national economy and industry, the development of agriculture is important to the national economy as a whole, meanwhile, agriculture has a long-term production period, which is under great impact of objective circumstances, therefore China attaches great importance to the development of agriculture and set up many favorable policies on the production of agricultural production materials. Prior to the establishment of formal registration of companies (SOE restructuring) in the early 1980s, Luoshan Jinding Chemical Industry Co., Ltd took part in the research, development and production on agriculture-related materials.

The precursor of the company is Luoshan Fertilizer Plant originally. Through overall acquisition by competitive bidding, Luoshan Jinding Chemical Industry Co., Ltd was co-founded on the base of the original Luoshan Fertilizer Factory which had gone into bankruptcy pursuant to laws, by purchasing on the effective assets (including land) of the original Luoshan Fertilizer Factory by two corporate shareholders and one nature shareholder in the form of monetary funds. The company's equity amounted to 38 million yuan, with 28.88 million yuan paid up by Xinyang Honsun Group Co., Ltd, accounting 76% as the biggest shareholder and holding an absolute share, with 5.7 million yuan paid up by Jiaozuo Linshun Coal Group Co.Ltd accounting 15%, and 3.42 million paid up by a natural person (the General Manager of the company) accounting 9%.