亚美能源：二零一九年年报.PDF

CONTENTS Company at a Glance 2 Chairman’s Statement 4 Management Discussion and Analysis 10 Directors and Senior Management 41 Report of the Directors 52 Corporate Governance Report 73 Independent Auditor’s Report 98 Consolidated Financial Statements 108 Notes to the Consolidated Financial Statements 113 Corporate Information 186 Company at a Glance Company at a Glance AAG Energy, the Leading Independent CBM Producer in China Vision To be the world’s leading, most enduring clean energy company for today and tomorrow. Mission To create best value for society, optimized platform for employees and highest return for shareholders. About AAG Energy Holdings Limited AAG Energy Holdings Limited (“AAG Energy ” or “the Company”, together with its subsidiaries, the “Group”) is a leading international energy company in the field of Coal Bed Methane (“CBM”) exploration and production in China. It is committed to developing and optimizing the value of unconventional gas resources to supply clean energy to support the economic development in the People’s Republic of China (“PRC”). AAG Energy’s key operating assets, Panzhuang and Mabi concessions, are located in the southwestern part of Qinshui