On August 21, Shi Lei, Secretary of Sinopec Senmei (Fujian) Petroleum Co., Ltd. Party Committee, and his delegation visited the Company. Company managements Lin Xu, Suchart Phowatthanasathian, Li Ji and Haytham Zamzami, met with Shi Lei and his delegation, engaging in discussions and exchanges. Pan Weifeng and Wang Zhicheng, vice presidents of SSPC (Fujian), also visited FREP.

Lin Xu welcomed Shi Lei and his delegation, and introduced the Company's production and operation, development planning, etc. He mentioned that SSPC had long been providing strong support to FREP in oil product sales, establishing a deep friendship and building a good foundation for cooperation. He expressed hope for both sides to keep close communication, deepen cooperation, strengthen production and sales integration, further improve product profitability, jointly respond to current severe market challenges and achieve win-win cooperation.

Shi Lei commented that FREP had been a good partner of SSPC and he felt very much at home during this visit. He said that in recent years, with the rapid popularization of new energy vehicles, the substitution effect of oil product consumption has become increasingly apparent, and the competition in oil product industry has become more and more fierce. He hoped that the two sides can strengthen cooperation, unblock the production and sales chains of oil product, timely respond to market changes, strive to increase market share and maximize the benefits of both parties.

At the meeting, the two sides also discussed the topics such as hedging, price benchmark, and financial settlement.

The heads from SSPC(Fujian) Quanzhou Branch, Accounting Center and Oil Product Supply Department and FREP Finance Department, Marketing & Sales Department and Technical & Planning Department participated in the meeting. (Zhang Lei)