The Company held the 3^rd follow up session of 2014 shareholder audit findings close status on the afternoon of December 3. The meeting was chaired by FREP Chairman and President Mr. Gu Yuefeng. Vice Presidents Mr. Nouraddin A. Yousuf and Mr. Parut Chatikavanij, FREP Chief Auditor, relevant departmental General Managers and controls representatives attended the meeting.

Chief Auditor Madam Liu Cuixia briefed on the overview of 2014 shareholder audit findings and correction progress. She required departments to come up with specific and practical correction measures, time of close and responsible person(s) for outstanding issues; for closed audit gaps, departments should prevent recurrence of issues of the same kind from procedure and system perspectives and make routine self-evaluation so as to ensure continuity and effectiveness of internal controls measures. Each department reported on the progress of outstanding issues and discussed about the next-step measures and schedule of close. OOP also raised requirements on FLT and MLT businesses. The meeting also carried out discussion about consumption of inventory, delay of project construction and turnaround settlement, etc.

Finance General Manager Mr. Joe Francis suggested that departments could seek help from departmental controls representatives, Finance Controls team and Internal Audit team when running into any internal controls problems in the course of business operation. Internal Audit team has provided plenty of audit consulting service in recent two years, welcomed by various professions.

President Mr. Gu Yuefeng extended, on behalf of FREP OOP, gratitude to departments for their efforts in close of audit findings. He hoped department would continue efforts in closing outstanding issues, report to shareholders in time and close audit gaps at the source and prevent against risks. (Wang Chuanhai)