On October 19, the ninth meeting of the seventh board of directors of Qinhe Energy was held in Pengfei Group. Chairman Zheng Peng attended and delivered an important speech. All directors attended the meeting, chaired by Zhang Gaoping, Chairman of Qinhe Energy.

　　The meeting reviewed and approved the "Work Report of the Board of Directors of Qinhe Energy Group Co., Ltd. for the First Half of 2020", "Work Report of Qinhe Energy Group Co., Ltd. for the First Half of 2020", and "Work Report for the First Half of 2020" by Chairman Zhang Gaoping, General Manager Yan Jiaqiang, and Chief Financial Officer Qin Dengfeng. Qinhe Energy Group Co., Ltd. Financial Work Report for the First Half of 2020."

　　The meeting also reviewed and approved a number of proposals including the "Proposal of Qinhe Energy Group Co., Ltd. on the Appointment and Removal of Senior Executives" and "The Proposal of Qinhe Energy Group Co., Ltd. on Resource Expansion".

　　The meeting held that: the first half of 2020 will be the most severe, most stressful, and most ups and downs in the development history of Qinhe. The board of directors adheres to the Pengfei spirit of "advancing with the times and facing difficulties", moving forward under pressure, looking at opportunities in crisis, advancing against the trend, and main economic indicators have grown steadily; organizational structure adjustments and the strategy of "strengthening the enterprise with talents" have achieved remarkable results ; The ideology, internal management, learning and training of all employees have been continuously improved; Party building, "three modernizations" leadership, independent innovation, and development momentum have been significantly enhanced; Qinhe energy management level has brought unprecedented challenges to the economic crisis, uniting and leading the majority of cadres and employees, Strengthening confidence, overcoming difficulties, and working hard, have created the highest level since the establishment of the company in many aspects, and achieved curve overtaking despite the stagnant and slow development of the same industry in the same region.

　　The meeting pointed out: In the first half of the year, Qinhe Energy has completed nine major events such as epidemic prevention and control, output tasks, cost reduction, and innovation, and achieved the longest cycle of safe production. This fully shows that Qinhe Energy’s management has used their brains and thought. A way. In the second half of the year, we will continue to implement the "0356" overall work concept, focus on the on-site management of important links and key parts, and arrange production scientifically and reasonably.

　　Meeting requirements: Qinhe Energy must recognize the situation and be prepared for danger in times of peace. In accordance with the strategic deployment of the board of directors, keeping up with the pace and pace of the headquarters, continue to make efforts in safety production, cost control, and technological innovation. Further strengthen internal control management, capital scheduling, investment control, strive to broaden financing channels, increase capital scale, strictly control various expenditures, solidly control cash flow, strengthen internal audit supervision and asset management, and ensure the safety of the capital chain. To increase motivation while looking for gaps, to strengthen confidence in summing up experience, to improve quality in reform and innovation, to achieve performance in the implementation, and to contribute to Qinhe Energy's straight sprint, corner overtaking, and lane change leadership!