On June 6, SSC held the Annual General Meeting of 2022 and the First A Shareholders Class Meeting of 2023 and the First H Shareholders Class Meeting of 2023 at Beijing Shengli Hotel. Mr. Chen Xikun, Chairman of the Board, presided over the meeting. Executive Director and General Manager Yuan Jianqiang, Director Lu Baoping, Independent Directors Chen Weidong, Dong Xiucheng, Zheng Weijun, Chairman of the Supervisory Committee Wang Jun, Supervisors Zhang Qin, Du Guangyi, Deputy General Manager Zhang Yongjie, CFO and Secretary of the Board of Directors Cheng Zhongyi, Deputy General Manager Sun Bingxiang and heads of functional departments attended the meeting. The meeting reviewed and approved 2022 annual report of the board and the annual report of the supervisory committee, the annual financial report and auditing report, the provision of guarantee for wholly-owned subsidiaries and joint venture, and the authorization to the board to repurchase shares, etc.

In 2022, facing the complex and changeable severe situation, the Company focused on the primary task of pursuing high-quality development, comprehensively deepened technological innovation, reform innovation and management innovation, made new progress and achievements in various works, and over fulfilled our annual goals and tasks. In 2022, the Company’s consolidated revenue under PRC ASBE amounted to RMB73.77 billion, a year-on-year increase of 6.1%, the best level since the “13th Five-Year Plan”; the net profit attributable to the shareholders of the Company amounted to RMB460 million, a year-on-year increase of 158.0%.

Chen Xikun said, looking forward into 2023, opportunities and challenges will coexist. As international oil price remains at high level, international oil companies will increase their upstream capex and domestic oil companies will further carry out the “Seven Years Action Plan” to safeguard national energy security, the oilfield service industry will enter the upward cycle of prosperity. The Company will learn and follow the spirit of the CPC 20th National Congress and the important instructions from General Secretary Xi Jinping during the visit to Shengli Oil¬field, adhere to the development concept of “Serving customers, supporting exploration of oil and gas, leading in technology and creating values”, focus on qualified and scaled markets, precisely optimize resource allocation, strengthen R&D, striving to reach the new level and get new achievements in the new journey of promoting high quality development and build up a world-class technology-orientated oilfield service company.

After the shareholders' meeting, the company immediately organized the training for the directors, supervisors, senior managers and heads of relevant departments on securities regulations. Beijing Haiwen & Partners, Zhong Lun Law Firm and PWC respectively interpreted the new supervision regulations of A-share securities, the key points of supervision of H-share market, and the latest ESG report policies of the Hong Kong Stock Exchange, in order to further enhance the performance abilities of directors, supervisors and senior managers and make SSC to realize the high-quality development.