During the review period, the group formed a joint venture with Zhoushan Port Group for the development of wharfs as well as the provision of related logistic services in Zhoushan Port, Zhejiang Province.

Brightoil also acquired a land covering approximately 611,622 m2 on Waidiao Island, Cengang Town, Dinghai District, Zhoushan City from Zhoushan Land and Resources Bureau with a plan to build storage, wharfs and ancillary facilities on the island.

The group also entered into an agreement with the Dalian Changxing Island Harbour Industrial Zone Management Committee to develop oil storage facilities in Changxing Island, Dalian. The storage capacity of the first phase facilities is about 3,000,000 to 4,000,000 m3 while the second phase facilities is about 4,000,000 to 5,000,000 m3.

In addition, the group will also jointly work on an oil terminal project with an enterprise under the Committee.