On November 11, the company held the first meeting of the third term Board of Directors via video conference. Chaired the meeting. The Directors, Supervisors, OOP, General Manager of Finance Department, General Manager of HR & Admin Department and the representatives of the shareholders attended the meeting.

At the meeting, the company management reported the company's Business Performance from Jan. to Oct. 2021 and 2021 Outlook, the Safety Culture Improvement Plan, the Business Plan, the Master Plan, the Capital Projects, the Major Contracts and Strategy, the Financial Update and the People Management Plan of 2022, and reviewed and approved relative items at the meeting.

The directors at the meeting congratulated the company’s accomplishments on safety culture improvement, operational excellence, cost reduction, quality and profit improvement in 2021, and thanked the company management and all employees for their hard work. They highly commented on outstanding performance of the company in ensuring employees’ health and safety, maintaining safe and stable operation, keeping reliable supply of products during Covid-19 outbreak in September. Facing the pandemic uncertainty and the challenging business environment, the company took effective measures responding to the downturn of fuel market and the intensified competition of chemical market, won the battle of pandemic response and the battle of production/ operation, ensured safe and stable operation, and realized good profit.

The BOD expected the company to pay high attention to 2021TA/ Revamp management, ensure a safe, environmental, efficient, high-quality and on-schedule TA/ Revamp. And fully recognize the severe market environment, pay continuous attention to safe, environmental and reliable operation, properly manage inventory, improve cost efficiency, explore the market, maintain and further improve the company’s competitiveness.

This BOD Meeting was held coincided with the 12th anniversary of the commercial operation of Fujian Refining & Ethylene Integrated Project. The directors extended their respects and greetings to the company management of each term and all the employees contributing to the construction and development of the company! (Yu Wei)