Key Shareholders

China National Aviation Fuel Group Limited
The largest single shareholder of CAO is China National Aviation Fuel Group Limited ("CNAF"), which holds about 51% of the total issued shares of CAO. A large State-owned enterprise in China, CNAF is the largest aviation transportation logistics service provider in China, providing aviation fuel distribution, storage and refuelling services at more than 210 airports in China. For more information on CNAF, please visit the CNAF website at www.cnaf.com.

BP Investments Asia Limited
BP Investments Asia Limited, a wholly owned subsidiary of BP, is a strategic investor of CAO, which holds 20% of the total issued shares of CAO. BP is one of the world's largest energy companies. For more information on BP, please visit the BP website at www.bp.com.