No Beijing Energy Group Co., Ltd. (hereinafter referred to as "Jingneng Group"), formerly known as Beijing International Electric Power Development and Investment Corporation, was established in 1993, and then merged and reorganized with Beijing Comprehensive Investment Corporation, Beijing Thermal Power Group Co., Ltd. and Beijing Jingmei Group Co., Ltd. respectively. Jingneng Group is a comprehensive energy service group with "electricity production and supply, heat production and supply, coal production and sales, real estate development and operation, and property management" as its main business. It is a wholly state-owned enterprise managed by Beijing SASAC with a registered capital of 20.4 billion yuan.