Accompanied by Mr. Matthew J. Aquiar, Manufacturing Director of ExxonMobil Chemical Asia Pacific, Mr. Scott J. Sullivan, Chairman of ExxonMobil (China) Investment Company Limited and so forth, Mr. Steve Pryor, President of ExxonMobil Chemical Company visited FREP on July 3^rd. Lu Dong, FREP Chairman and President and Parut Chatikavanij, FREP Vice President, as hosts, cordially met with the guests, the delegation led by Mr. Steve Pryor in a friendly atmosphere.

First of all, President Lu Dong, on behalf of FREP Office of President, welcomed Mr. Steve Pryor to visit the Joint Venture. He said, FREP has been improving HSE performance continuously and attaching great importance to KFAs and priority work in accordance with the resolutions and deployment made at Board Meeting. In particular, in the face of tough market environment and formidable mission of turning losses into gains, the Joint Venture carried out Management and Profit Double Improvement activities, laid emphasis on fine management and achieved maximum benefit of stock assets; paid attention to structural adjustment and leveraged advantage of synergy as an integrated refining and petrochemical company; focused on marketability, promoted set target of integration of production and marketing and push forward successful completion of each objective and task.

Mr. Steve Pryor highly appreciated achievements made by FREP, extended gratitude to the Office of President for relentless efforts and hoped FREP would continuously improve HSE management level, tap potential in margin, operating expenses, reliability, etc. and improve energy efficiency. He also expected shareholders to further intensify cooperation and promote continuous improvement of FREP with regard to performance, economics and so on.

Mr. Steve Pryor also reviewed and made exchanges on FREP scorecard and Key Focus Areas of HSE, energy utilization, reliability, business controls, operating expenses and people.