COMPANY INTRODUCE

COMPANY INTRODUCE

China Hongyang Group, is an integrated enterprise with the research & development, production and marketing of Fuel Dispenser and related accessories as well as service station concerning equipments. It concentrates on the relative manufacture & services of filling station such as Hongyang tax control Fuel dispenser, IC Card fuel dispenser, manage system of network for stations, submerge pump and liquid level devise. China Hongyang Group, designed supplier of SinoPec and PetrolChina, our HONGYANG products have been sold to over 50 countries in South-east Asia, Mid-east, Africa, Europe and well received in their markets.

on quickly increase in recent year, consumption of finished oil increase al well, the vapor pollution and resource waste in forecourt become more important safety factor in considerable filing station, safety distance and vapor density in particular. At present, vapo fuel dispenser r separator device is installed and obtain content effect in most of large and middle cities reference to foreign improving measures. Its recovery principle is divided as two phases: first phase refers to closed discharge from tank vehicle; second phase refers to vapor recovery as refueling oil. Phase I vapor-recovery system The first phase system aims at to reb fuel dispenser uild the delivery pipe and vapor recovery pipe between vehicle tank and tank. (Diagram 4-1) The volume of vapor will be increased as flowing into tank because of waves and shock. Therefore, the inlet pipe should be deeply stretched under oil level so as to reduce oil waves. As for a tank exceeding 945L of volume, inlet pipe is needed stretching into oil no higher 15cm than bottom of tank. Oil flows into tank from under level, vapor flow back into vehicle tank under pressure. In principle, the volume of oil and vapor is corrective. In order to make as little as vapor volatize during delivery, the structure of traditional ventilating pipe should be improved, making system in sealed state under normal pressure range. Reclaimed vapor is dealt with through condensation, adsorption and burn after taking back. Its operation principle is similar to the vapor system of balanced nozzle. Diagram 4-1: Phase I Vapor Recovery System The pipeline installation is illustrating in Diagram 4-2. The hei fuel dispenser ght of air pipe at least 4m. The length of back air is shorter than air pipe, diameter larger than that of air pipe. It is prohibited to appear overflow phenomenon as vehicle tank discharge, shut off switch of air pipe. The jointer between air back and discharge pipe should adopt speed jointer. Phase II vapor-recovery system Phase II refers to the progress in which vapor in vehicle tank is

TotalAmount mandatory.　　 SalesItems: optional (depending on the cards accepted by the system; if any fleet　　 card with product re fuel dispenser strictions then it becomes mandatory).　　 Loyalty: optional (when present either Card PAN or track is present).　　 OriginalTransaction: no.　　 LoyaltyAward Loyalty award only (payment might have been cash or whatever or sepa fuel dispenser rated in a　　 payment only request; this way no MOP rule is possible).　　 TotalAmount mandatory.　　 SalesItems: optional (depending on the cards accepted by the system; if any fleet　　 card with product restrictions then it becomes mandatory).　　 Loyalty: optional (when present either Card PAN or track is present).　　 OriginalTransaction: no.　　IFSF POSEPS ImplementationGuidelines - Revision - 20060510　　 Confidential 10052006 Page 8 of 105　　 CardPreAuthorization Outdoor Self-service or even indoor pre-authorization without loyalty.　　 fuel dispenser TotalAmount optional (it would provide a specific pre-authorization maximum　　 amount).　　 SalesItems: optional　　 NOTE: the standard implementation compliant with t

e (the Germans favour Frankfurt, Euronext does not) to questions about clearing and settlement. While Macquarie was not the first to note that exchanges throw off a tremendous amount of cash, its bid for the LSE reminded shareholders “how far you could leverage fuel dispenser the balance sheet,�says Andrew Mitchell of Fox-Pitt, Kelton, an investment bank. “Macquarie helped investors crystallise their thoughts.�Last week the LSE said it would double the cash returned to shareholders. Deutsche Börse returned ¬800m in share buy-backs and dividends in 2005 and plans to return another ¬700m by May 2007. Euronext is also mulling a return fuel dispenser of capital, and will unveil its plans on March 14th. Exchange users, notably big investment banks, say that they too should benefit from growth, through lower fees. This week they met to urge Charlie McCreevy, the European Union s internal-market commissioner, to push for a more open cross-border system of clearing and settling share trades. Britain s competition authorities have already said that Deutsche Börse or Euronext must sell some clearing holdings if they want to pursue the LSE. In the past, Mr McCreevy has favoured letting the market provide a solution on cross-border clearing and settlement, while noting that it remains costly and inefficient and puts “an unacceptably high burden on cross- border investment�in Europe. People who attended this week s meeting say that he may now consider issuing a directive if he finds the economic arguments persuasive. A decision is due in the second quarter. “I m optimistic liberalisation is going to come about�in clearing and settleme fuel dispenser nt, says Alberto Giovannini, who chairs a group of European financial-services firms. But, he adds, consolidation is likely to be “messy and choppy� Not surprisingly, exchanges with their own clearing and settlement operations—notably Deutsche Börse and Euronext—are more resistant to regulatory intervention. Even so, Deutsche Börse this week sounded a bit more con