On November 27, the 5th meeting of the 2nd Term Board of Directors of the company was held in the meeting room on the 15th floor of Fulian Building. Mr. Gu Yuefeng, Chairman of the Board, chaired the meeting, and Vice Chairman of the Board Mr. Gan Seow Kee, Director Mr. Liu Xiangdong, Director Mr. Xu Jianping, Director Mr. Yang Yutong, Director Mr. Olivier Thorel, Director Mr. Anwar A. Al-Hejazi, Supervisor Mr. Yang Hongbin, OOP Mr. Joost Emmen, Mr. Nouraddin A. Yousuf, Mr. Zhao Tianxing, Mr. Lin Xu, General Manager of Technical and Planning Department Mr. Tang Liyan and General Manager of Finance Department Mr. Lai Shuiming, and representatives of shareholders attended the meeting.

The company management reported at the meeting the operation performance from January to October 2019 and 2019 outlook, progress of safety culture improvement plan, business plan (2020-2023), master plan, capital projects, major contracts and strategies, financial status, people management plan, BAC work, etc. The BoD reviewed and approved related items.

The directors at the meeting commented that the company experienced many challenges in production and operation, especially the pressure on production safety. They thanked the company management for leading all employees out of the difficulties quickly, and realized gradual improvement of production and operation.

The Board paid high attention to safety and profitability of the company, and required that the company should continue to strengthen the communication to employees about situations and tasks, give full play to the wisdom of employees, ensure intrinsic safety, continuously improve safety awareness, rapidly increase profitability, effectively reduce operating expenses, and lay a solid foundation for the future development of the company. (Yu Wei)