China Primary Energy Holdings Limited announced that the board informed the shareholders and potential investors that Fujian China Primary Energy Limited, a subsidiary of the Company, agreed to change its sales model from 2018 onwards after friendly negotiation with a major customer and major supplier. The sales model changed from purchase and sale of natural gas to receiving of natural gas transportation managing fee. The change does not affect the current operating method, assets and the relevant profit. However, the relevant sales revenue would be significantly reduced. Therefore, the Group expects that the sales revenue for the first quarter ended 31 March 2018 will be reduced accordingly when compare to the corresponding period in last year. The Board also announced that the change described above will not have material adverse effect on the Group's cash flows and profits.