On July 18, 2023, Jiebeitong Petroleum Technology Group Co., Ltd. held its 2023 annual mid-term review meeting for scientific research projects in the academic report hall on the 13th floor of Tianzijie Commercial Building, Jinjiang District, Chengdu. The meeting was chaired by Professor Tang Hai, senior consultant of the company and director of the Oil and Gas Production Technology Research Institute.

　　Mid-term inspection meeting of scientific research projects

　　The meeting invited six well-known industry experts to form an expert review group, including Qian Genbao, chief expert in oil and gas field development and professor-level senior engineer; Wu Jinping, chief technical expert, party secretary, and senior engineer of the company; Ding Yunhong, senior consultant and professor-level senior engineer; Li Mingzhi, senior expert and senior engineer; and Yu Mingqing, senior expert and senior engineer. Qian Genbao served as the group leader, and Wu Jinping served as the deputy group leader.

　　The mid-term research and development results of the 2023 scientific research projects were outstanding. Except for the termination of the project "Development of ultra-low density proppant", the remaining 14 projects were all implemented according to the opening report plan. After a day's review, the expert review group provided guidance on the mid-term research and development work of each project and put forward relevant improvement suggestions for the next stage of research and development work, ensuring the smooth completion of the 2023 research and development work.

　　Jiebeitong Company has long adhered to independent technological innovation. Since its establishment, it has been committed to research and development, achieving fruitful results in addressing the technical difficulties and pain points of oil and gas exploration and development. To date, the company has more than 130 invention patents and proprietary technologies, published more than 90 technical papers, and more than 10 technological achievements have passed the appraisal of the Sichuan Provincial Science and Technology Department, reaching internationally leading and advanced levels. It has also won one special prize, three first prizes, one second prize, and two third prizes for provincial and ministerial scientific and technological progress. Zeng Bin, chairman and CEO of the company, proposed that we must adhere to the "six unwavering commitments" in technological research and development: unwavering commitment to the direction of addressing the technical difficulties and pain points of oil and gas extraction; unwavering commitment to the "reservoir, process, and new materials" three-in-one research and development project approval concept; unwavering commitment to the materialized scientific research management model; unwavering commitment to the intensity of R&D investment; unwavering commitment to attaching importance to the construction of R&D team talents; and unwavering commitment to increasing and improving the incentives for R&D talents. Through long-term persistence and technological iteration, we strive to build Jiebeitong into a leading oilfield technology service company primarily focused on independent technological research and development and innovation.