On June 20, Mr. Wang Yuetao, Chairman of the Company, met with Mr. Ben Luckock, Co-President of Trafigura Group, and his delegation. The two parties reviewed their longstanding cooperation in crude oil, refined oil, and natural gas, and further explored comprehensive strategic cooperation in new energy and overseas project investments.

Mr. Wang Yuetao extended a warm welcome to Mr. Ben Luckock and his team, and provided an overview of ZhenHua Oil's business development and strategic planning. He noted that in recent years, ZhenHua Oil has significantly increased the number of new projects through long-term industrial chain upgrades and has gradually strengthened its upstream and downstream synergies, providing robust systemic support for deepening cooperation between the two parties. He expressed his hope that both parties can make good use of cross-regional advantages and resources in the future, strengthen the exchange of experience in investment and evalsuation of new projects, and create more opportunities for future business development.

Mr. Ben Luckock expressed his appreciation for the longstanding friendly partnership between ZhenHua Oil and Trafigura Group, highlighting that Trafigura Group has been invited to participate in the China International Import Expo (CIIE) for five consecutive years. He noted that the two parties have achieved comprehensive strategic cooperation in the fields of crude oil, refined oil, natural gas, and shipping. He also expressed his hope that both parties will continue to uphold the principle of mutually beneficial cooperation, deepen communication and exchange, and achieve synergistic development.

Assistant General Manager Mr. Shi Xinming and the trade team attended the meeting.