Primeline Energy Holdings Inc. - Company History



	Company Profile Summary in Chinese Company History Board of Directors Management Team Corporate Directory Investor Relations	Primeline Petroleum Corporation ("PPC") was originally established by the Hwang family in 1993 to capitalise on upstream petroleum business opportunities generated by China's dynamic economic growth. In December 1994, PPC signed a petroleum contract with CNOOC for a contract area of 4,500 sq km in the East China Sea known as Block 32/32. In April 1995, PPC assigned 75% of its interest in the petroleum contract for Block 32/32 to Primeline Energy China Ltd. ("PECL"). At the same time, PPC and PECL jointly designated Primeline Energy Operations International Ltd. ("PEOIL") as the operator of Block 32/32. In July 1995 Primeline Energy Holdings Inc ("Primeline") acquired all of the shares of PECL and PEOIL and Primeline's shares were listed as PEH on the Vancouver Stock Exchange, which has since become the TSX Venture Exchange in Canada. In March 2005, the petroleum contract for Block 32/32 was allowed to lapse and the current Petroleum Contract for Block 25/34, which encompasses a larger area while including the material parts of the original Block 32/32, was entered into. The Hwang Family and PPC The owner of PPC is Victor Hwang who is also the controlling shareholder of Primeline. The Hwang family business is headquartered in Hong Kong and they have substantial property and other investments in Hong Kong, Singapore, Beijing, Taiwan, London, France and elsewhere. Mr. Hwang is Chairman of Primeline's Board of Directors.