China Gezhouba Group Co., Ltd. holds eighty percent (80%) beneficial interest in the share capital of the Company while Laraib Group holds twenty percent (20%) beneficial interest.

CHINA GEZHOUBA GROUP CO., LTD

China Gezhouba Group Co., LTD (“CGGC”), founded in 1970, is a super large transnational corporation under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council of China. CGGC comprises a diversified business covering civil construction, environmental protection, real estate, cement, civil explosion, highway, water engineering, equipment manufacturing, and mainly engaged in the design, construction, investment and operation of projects in the fields of water conservancy, hydropower, thermal power, nuclear power, wind power, power transmission & transformation, highways, railways, bridges, municipal works, airports, ports, waterways, industrial and civil buildings, etc. With strong financing capability, CGGC is capable to meet the needs of its clients around the world and has become one of the most competent listed companies in China.

CGGC is listed on the Shanghai stock exchange and is a core member of China Energy. It has expanded its business in more than 140 countries and regions, ranking among the foremost 100 enterprise in China in and ranked 50th in the ENR Top 250 International Contractors. CGGC is dedicated to improve people's livelihood and promoting social development via construction and investment. In the past 50 years, it has completed over 4,000 outstanding engineering works including the Three Gorges Project, so far, the largest of its kind in the world, providing the world with power, light, clean water, high-quality life and convenience. CGGC has extensive experience in building many hydropower and thermal power stations including Karama Hydropower Station in Indonesia, State Mine Heavy Oil Power Station Project in Liberia, Suki Kinari Hydropower Station, Karot Hydropower, Mohmand Dam, Neelum Jhelum Hydropower and Dasu Hydropower projects in Pakistan, Guoduwan Hydropower Station, Siping Hydropower Station, Yutiao Hydropower Station, and many more .

LARAIB GROUP

Laraib Group (“LG”) is Pakistan’s foremost and leading renewable energy developer with a tight focus on hydropower development in the private sector having proven capability to identify, conceive, license, design, finance and construct hydropower projects. The New Bong Escape HPP, Pakistan’s first hydropower IPP, was developed by LG thus laying the foundation and template for private hydropower development in Pakistan and catalyzing over 5000 MW of hydropower projects with private investment, of some US$ 10 billion.

In its current development portfolio, LG has interest in around 1000 MW of hydropower projects including 84MW New Bong Escape HPP now in its eleventh year of successful commercial operations having generated and delivered over 4 billion kWh to the national grid, 700.7 MW Azad Pattan HPP, 300 MW Ashkot HPP and 10 MW Sankya HPP.