On December 12, 2023, Jiebeitong Petroleum Technology Group Co., Ltd. held its second extraordinary shareholders' meeting of 2023. The meeting was chaired by Zeng Bin, the company's actual controller, and was attended by all shareholders and shareholder representatives, the second board of directors, supervisors and senior management, and candidates for the third board of directors, supervisors and senior management. The shareholders' meeting voted to elect the directors of the third board of directors and the supervisors of the third supervisory board, resulting in a new board of directors and supervisory board for the company.

　　Jiebeitong Group's Third Board of Directors, Supervisors and Senior Management Inauguration Election Meeting

　　After the shareholders' meeting, the third board of directors held its first meeting, electing Zeng Bin as chairman of Jiebeitong Group. Chairman Zeng Bin, along with directors Ao Ke, Xu Taiping, You Xianlin, independent directors Zhong Zhaohong, Tang Yong, and Ma Minghui, constitute the third board of directors of Jiebeitong Group. The meeting also voted to appoint the third management team. Based on the chairman's nomination, the meeting voted to appoint Zeng Bin as CEO of Jiebeitong Group; based on the CEO's nomination, the meeting voted to appoint Ao Ke as vice president and chief safety officer, Lu Jiaxiao, Li Wenhong, and Zhang Yi as vice presidents, and You Xianlin as CFO and secretary to the board.

　　Jiebeitong Petroleum Technology Group Co., Ltd.

　　Members of the Third Board of Directors

　　Jiebeitong Petroleum Technology Group Co., Ltd.

　　Members of the Third Management Team; the Supervisory Board held its third

　　The supervisory board held its first meeting, electing Lin Jiang as chairman of the Jiebeitong Group supervisory board. Supervisory board chairman Lin Jiang, along with supervisors Zhou Jingwei and Du Xiaohua, constitute the third supervisory board of Jiebeitong Group.

　　 Jiebeitong Petroleum Technology Group Co., Ltd.

　　Members of the Third Supervisory Board

　　Following this, the company held a meeting for the third board of directors, supervisors and senior management, attended by all shareholders and shareholder representatives, newly appointed board members, supervisors and senior management, and all employees.

　　Jiebeitong Group's Third Board of Directors, Supervisors and Senior Management Meeting

　　Lin Jiang, chairman of the third supervisory board, delivered a statement on behalf of the supervisory board, stating that he would quickly transition into his role, diligently perform his duties, work practically, and contribute to the company's standardized operation, improved governance, and sustainable and healthy development. This includes: 1. Performing supervisory management functions, supervising the execution of shareholders' meeting resolutions, and regularly reporting on the supervisory board's work. 2. Performing supervisory management functions, supervising the execution of shareholders' meeting resolutions, and regularly reporting on the supervisory board's work. 3. Regularly conducting comprehensive evaluations of the performance of the board of directors, senior management, and their members. 4. Regularly conducting compliance checks and risk assessments to prevent and mitigate company operating risks. 5. Innovating supervision approaches, improving supervision methods, expanding breadth and depth, and ensuring that all work is implemented effectively.

　　Lin Jiang, Chairman of the Third Supervisory Board, Delivers Inaugural Address

　　Zeng Bin, chairman and CEO of the third board of directors, delivered an inaugural address on behalf of the board of directors and senior management team. Zeng Bin stated that the formation of the new board of directors, supervisors and senior management marks a new chapter in the high-quality development of Jiebeitong Group. He expressed hope that the new leadership team would assume their responsibilities, live up to their mission, and unite and lead all employees to work practically and diligently to provide new impetus for the high-quality development of Jiebeitong Group. He put forward three requirements for the next stage of work:

　　First, we firmly believe that there is still great potential in the oil and natural gas production sector, and it is worth our long-term efforts. The global oilfield services industry market size is still steadily growing. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has paid close attention to the development of the oil and gas industry and energy supply security, making many important instructions and directives and expressing high expectations. Oil and natural gas will remain important strategic materials for China in the foreseeable future, serving as the foundation and cornerstone supporting China's industrial and socio-economic development.

　　Second, we will continue to uphold and carry forward the valuable methods and excellent corporate culture formed during the company's first decade. After ten years of development, the company now has an excellent team of experts, sales teams, and functional management teams, multiple patented technologies and unique technologies, and a nationwide sales and market service system. It has also formed unique working methods and operational management models. These valuable assets are an important foundation for the company's continued development.

　　Third, we will continue to unswervingly adhere to technological innovation, strengthen the construction of our unique technological service capabilities, and further enhance the company's core competitiveness centered on technology. In the first decade, we stood out in the industry through our advantages in independent innovation. In the second decade, we will continue to adhere to the independent technological research and development concept of "reservoir + process + new materials," addressing the technical difficulties and pain points of oil and gas exploration and development, improving the targeting, practicality, and effectiveness of our technology, and winning market and customer recognition through technological leadership and effectiveness.

　　Zeng Bin, Chairman and CEO of the Third Board of Directors, Delivers Inaugural Address

　　Zeng Bin, on behalf of the third board of directors and senior management, solemnly stated: I will always remain clear-headed, avoid arrogance and complacency, lead by example, and set a good example; I will always remain true to my original aspirations, remembering the goal of building Jiebeitong into a world-leading green and low-carbon energy technology company; I will always take creating value for customers, increasing income for employees, and creating profits for shareholders as our business goals; and I will always maintain a hardworking, dedicated, and hard-working work style. I will always take being a role model for all employees as my work standard. Any discipline or work standard I require of employees, I will unconditionally meet! Please follow my example, and please supervise me!

　　Finally, Zeng Bin called on all employees: to take the company's development goals as our common goals and career ideals, adhere to the basic market concept of discovering and meeting customer needs, carry forward the practical spirit of taking the lead, doing it personally, and working hard, going deep into the front line and to customers, not being afraid of hardship or fatigue, thinking and working together as one, we will surely overcome all difficulties on the road ahead and achieve the goals of Jiebeitong's second decade!