On November 18, the company held the 7th meeting of the second term Board of Directors via video conference. Gu Yuefeng, chairman of the board, chaired the meeting. The company's directors, supervisor, OOP, as well as management personnel of HSE Department, Technical & Planning Department, Finance Department and representatives of shareholders attended the meeting.

At the meeting, the company management reported the company's operation performance from January to October 2020 and 2020 outlook, the progress of safety culture improvement plan, the master plan, the business plan, the capital projects, the important contracts and strategies, the finance and delegation of authorization guidelines, the people management plan 2021, etc., and reviewed and approved relevant items.

The directors at the meeting affirmed the company's efforts in pandemic prevention and control, and recognized the improvement of safety performance in 2020, and hoped that the company's management would continue to improve safety culture, and drive higher SPIES safety commitment and stronger safety leadership of the whole organization. The board required the company to unite and take effective measures to comprehensively sprint to the annual targets and tasks, so as to ensure that the company can turn losses into gains in 2020.

The directors at the meeting commented that the global energy industry would face a severe situation and the energy pattern would usher in a profound change. They hoped that the company's management and all employees would be self-motivated to actively respond to the changes and challenges of the business climate, fully capture all opportunities to reduce cost and increase profit, strive to improve people efficiency, further improve the competitiveness of the company, and lay a solid foundation for the development of the company. (Yu Wei)