The Board of Silk Road Logistics Holdings Limited announced that on 26 January 2019, the company has entered into the JV Agreement with Kunlun Energy and Noble Bridge Capital for the formation of the JV Company. The JV Company will be an investment holding company and will procure the incorporation of a limited company in the PRC for the purpose of conducting the businesses, among others, of manufacturing petroleum coke, the gasification of petroleum coke, the processing of its by products, the management of sale and logistics of petroleum coke; theprocessing, warehousing, transporting and selling of LNG. The business scope of the PRC subsidiary shall be subject to the final authorisation by the State Administration for Industry and Commerce of the PRC.