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Year to pay for the company's development for their hard efforts to express my sincere thanks, suggestions for comments made by the directors, require the company leaders in charge of relevant departments to earnestly study and implement. Wang Yilin noted that 2016 will be an extremely difficult year for the company's development, departments and units should be based on longer possible to deal with the difficult situation in the international oil prices low during the operation, the multiple adverse factors and challenges thoughtful, strengthen the company's operating efficiency research and analysis, integrated and coordinated operation of each business segment, eliminate bottlenecks and maximize the overall advantages, efforts to complete the annual production and business tasks. Wang Yilin stressed the need to earnestly carry out the production and operation based on the program and budget arrangements. To highlight saving, cost efficiency through technological innovation and management innovation, and take the low-cost development. To adjust the business structure, optimize asset allocation as the core, enhance the quality and efficiency of operation. To actively to the relevant state ministries and reflect the company's development objective reality and the difficulties faced, for national policy support. To keep a close eye changes in market trends, constantly optimize the investment, providing a powerful guarantee for the company's steady development. Wang Yilin emphatically stressed the need to organize the capital verification work. SASAC earnestly implement the relevant job requirements, making sure the specified range, content, procedures and time carry out a capital verification, the historical issues of unlisted companies solve enable loss-making enterprises can move forward with ease, promote the optimization of assets and structure improve quality, create conditions for stable development for the company. Wang Yilin pointed out that to promote the 'Investment Corporation management approach' to promote its implementation. To adhere to the investment as a core tool to promote the reform and development of the company an important driving force and service the company's overall development strategy, focusing on outstanding quality and efficiency of this critical point, a full range of investment management optimization. Headquarters departments to grasp the scale of investment control and structural optimization, to effectively grasp the direction of investment and strategic focus; professional branches and enterprises to focus on core business to promote quality and efficiency upgrades, grasp the construction and implementation of investment projects and demonstration effectively improve the return on investment. Audit, supervision, personnel and other departments to strengthen investment supervision and assessment, to ensure that every company's investments are standardized and effective. Group Company

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