On August 26, the 24th meeting of the eighth session of the Board of Directors of Yankuang Energy was held in Jining, where "Yankuang Energy 2022 Interim Report", "2022 Interim Report Summary" and other proposals were considered and approved. Li Wei, Chairman of Yankuang Energy, presided over the meeting.

Li Wei said that in recent years, Yankuang Energy has operated in compliance with the law, standardized and improved its governance structure, accelerated the transition from "standardized management" to "excellent governance", and built a rule-based, professional and efficient Board, hence enhancing a listed company's modern governance system and capabilities. Especially since the beginning of this year, Yankuang Energy's main economic indicators and its market value have successively hit past records, taking a lead among all listed energy companies and laying a solid foundation for sprinting toward a world-class enterprise.

Li Wei pointed out that despite the complex, daunting macroeconomic landscape, Yankuang Energy must not rest on its laurels, but rather shoulder the heavy responsibilities and ensure that it stands out in the fierce market competition.

Yankuang Energy will vigorously promote the development model of “resources + capital” and scientifically and efficiently conduct strategic planning so as to secure the leap-forward development for its leading industries and cultivate a batch of industrial clusters that lead the domestic and even the international industrial peers. By strengthening, complementing and extending the industrial chains, Yankuang Energy will contribute to the overall development of the whole industrial chain of the five leading industries and accelerate the integrated and balanced development of both the emerging and traditional industries. In terms of management, Yankuang Energy shall pursue continuous improvement, move towards the industrial benchmarks and practice standardized management so as to develop an efficient management model with Yankuang characteristics. In addition, Yankuang Energy should heighten its vision, enhance its overall capability, strictly abide by laws and regulations, and fully perform responsibilities. Yankuang Energy shall equip itself with a strategic thinking pattern, improve its adaptability to new changes, develop towards the world-class industrial leaders so as to achieve the high-quality development.

The meeting was held both online and offline. Members of the Board of Directors of Yankuang Energy attended the meeting. Members of the Supervisory Committee, the Management and the heads of relevant departments attended the meeting without voting rights.