We, Bauer Maschinen
GmbH, state that we only have two 100% owned sub-companys, Bauer (Tianjin) Technologies Co., Ltd and ShangHai Bauer Technologies Co.,Ltd, we further confirm that there is no any kind of cooperation between us and the equipment manufacturers such as rotary drill rig and hydraulic grab producer in China. We remind the related party to pay special attention on above.