In the morning of December 20, led by Bryan Milton, President of ExxonMobil Global Fuel & Lubricants Co., the four-member delegation visited the company. President Joost Emmen, Vice President Lin Xu and Vice President Zhao Tianxing welcomed Mr. Bryan Milton and his delegation and had friendly discussions.

Joost Emmen welcomed Mr. Bryan Milton and his delegation. He said that at present, the market competition was fierce, and the challenges for FREP were continuously increasing. While working on margin improvement and cost reduction, FREP would continue to pay attention to safety improvement. All departments and business teams of FREP were making joint efforts to overcome difficulties and ensure safe, stable and orderly production and operation of the company. Joost Emmen introduced the company's performance in 2019 and the plan for 2020, and detailed the key indicators of safety and environmental protection, reliability, and profitability.

Mr. Bryan Milton affirmed the unremitting efforts of OOP of the company to lead all employees to face difficulties and challenges. He said that ExxonMobil paid close attention to the development of FREP, established a systematic communication mechanism with shareholders, proactively coordinated issues encountered during FREP development and planning. He hoped that FREP could do a good job in production safety and continuously improve profitability; on this basis, FREP could better implement the master plan. He commented that in the master plan, FREP should work on technology selection and calculation of return rate, to ensure the competitiveness of the project while competing with other investment projects of each shareholder.

Lin Xu introduced the master plan. He commented that with the new production capacity of large domestic petrochemical enterprises put into operation, FREP was faced with increasingly fierce market competition. The company management had been thinking about the future development directions, holding regular meeting with shareholders' working level to discuss the master plan of the company, and hoping to receive more support from shareholders.

At the meeting, the two sides also held in-depth exchanges on production and operation, safety and environmental protection, market situation and other topics of concern.

Accompanied by Joost Emmen and Zhao Tianxing, Mr. Bryan Milton and his delegation also visited the Exhibition Hall, Aromatics Complex and Polyolefin Shared Pallet Truck Loading Site.

At noon that day, Bryan Milton invited OOP of FREP and SSPC to have lunch, putting forward the hope that upstream and downstream could closely focus on the market climate then capture the market, collaborate to optimize the plan to realize the win-win situation.

(Liu Ting, Zhang Lei)