On June 28, Mr. Liu Shiliang, Executive Director of Sinopec Star, inspected SGE.

During the meeting. Mr. Gao Xiaorong, Chairman of SGE, made a comprehensive work report. Mr. Liu Shiliang emphasized the importance of being fully committed to achieving the company’s overall annual targets. He emphasized the need to seize high-quality markets and make breakthroughs in three areas: resources, profitability, and capacity.

Mr. Liu further required the company to improve the “collection rate,” control non-operational expenses, and reduce operational and financing costs. He highlighted the importance of intensifying efforts to collect account receivables to mitigate credit risks, accelerating geothermal assets integration and making initiated preparations for benchmarking capital markets.

Mr. Liu underscored the need to leverage SGE’s four key advantages: integration of the industrial, innovation, talent, and capital chains; integration of exploration and development; integration of design, construction, and operation processes and integration of development of geothermal and clean energy

Mr. Liu Shiliang emphasized that all leaders should maintain a strong focus on risk prevention to ensure safety, environmental protection, production operations, and enterprise stability.

Sinopec Star’s Deputy Chief Economist, heads of the Finance and Asset Department, General Administration Department, and Compliance and Legal Affairs Department , along with members of SGE’s leadership team and heads of main Department attended the research visit.