Zhang Kai-shen went to South China Regional Sales Enterprises for inspection and research.

[Ben Wang Guangzhou] From 9 to 10 April, Secretary of the Party Committee and Chairman of the Board of Directors of the Group, Mr Zhang Kai-sheng, went to Extension Petroleum Guangdong Sales Company and Extension Shell Guangdong Sales Company to investigate the sales of chemical products and the development of the terminal network, visited the front-line sales staff, inspected the work of safety and production in the petrol stations, and convened the symposium for downstream customers.

During the investigation of Extension Shell Guangdong Sales Company, Mr Zhang Kai-shen went to Changjan Petrol Station in Tianhe District of Guangzhou to learn about oil sales, station operation, performance assessment, development of major customers and non-oil business, etc. He also inspected the safety management of the station on the spot, and listened to the introduction of the company's operation and development in recent years. He congratulated Extension Shell Guangdong Sales Company on its achievements and hoped that it would take the non-oil business as an important benefit growth point, put in more energy and continue to make it stronger and better; seize the opportunity of green and low-carbon transformation of transportation and energy, make better business model and continue to expand the scale of recharging business; make use of the advantages of the region to increase customer stickiness and increase the sales of high grade and ultra-clean oils; strengthen the financial analysis, optimise the asset structure and reduce the expenses of non-primary business. We will strengthen financial analysis, optimise the asset structure and reduce non-main business expenses, and strive to be the best travel service provider in South China.

During the investigation of the Guangdong Sales Company of Yanchang Petroleum, Zhang Kai-sheng firstly held a forum for chemical product customers, listened carefully to the opinions and suggestions of downstream purchasers, exchanged market conditions, introduced the R&D and production of Yanchang Petroleum's medium- and high-end products, the layout of the chemical sales market, and the improvement of logistics and packaging business, etc., and explored to push forward the deep-level co-operation. Afterwards, he listened to the report on the establishment and operation of Guangdong Sales Company. He affirmed the company's efforts and results achieved in the previous period, and requested to build a highly efficient marketing team and transfer to the official operation as soon as possible; adhere to the "practical work first, reform as the main point, and compliance as the basis", and coordinate and grasp the customer development, warehousing layout, risk management, to ensure the completion of the annual operating tasks; analyse the regional market, clarify the company's Analyse the regional market, define the positioning of the company, take the road of precise marketing and staggered development; enhance the sense of service, vigorously develop end customers, guide upstream production; based on the South China market, expand the sales radius, develop the Southeast Asian market, enhance the competitiveness of Yanchang Petroleum products and brand influence; good at capturing business opportunities, looking for opportunities for cooperation, and serve the Group's other industrial development; the courage to reform and innovate, the establishment of incentives, and to break into a new road of market-oriented reform and independent marketing. The new way of market-oriented reform and autonomous marketing.

Group company production and operation department, product distribution company main responsible comrades to participate in the research.