UEG 2023 3Q Performance Review Successfully Held

United Energy Group (UEG) held a virtual conference for the performance review of the 3rd quarter, from October .30th to October .31st. Chairman Mr. Zhang Hongwei and management team from the Beijing HQ office, expatriates，asset teams and business sectors participated in the meeting.

The performance review of the third quarter was held on October 30th. Employees and expatriates from Beijing HQ and some members of overseas offices gave an impressive reporting in which they summarized, self-evaluated and reflected on the work done in the first three quarters of 2023. They also demonstrated their plans and prospects of the work schedule for the rest of the year.

The Quarterly Performance Review (QPR) meeting was held on October 31st. Each asset team and business sector reported their production and operation in the past 3 quarters The management team commented on the reports of asset teams, assessed current situation confronted by the Group from their own professional perspectives and set the work plan for the fourth quarter.

The meeting shows that Beijing HQ, assets in Pakistan, Iraq and Egypt all have reached fruitful outcomes in production, operation and management in the third quarter, with all targets being exceeded and major breakthroughs in Clean Energy and Energy Trade sectors. The clear and thorough analysis of operational situation has laid a solid foundation for reaching annual targets.

Chairman Zhang Hongwei highly confirmed the excellent performance of all teams and appreciated the hard and diligent work of the frontline workers. He believed that all set targets can be achieved in the rest of the year. He made further instruction for the work in the fourth quarter： first, safe production is our first priority and the very foundation of reaching all our goals. That requires all asset companies to carry out operation and management work under the prerequisite of safe and high-quality production. Secondly, facing the ever-changing international political and economic situation, Beijing HQ, asset companies and business sectors should enhance cooperation and communication to confront all external changes and focus on key works according to the plan. Meanwhile, they should also make effective strategies and measures in a timely manner to ensure stable production and operation and realization of annual targets. In the end, it hoped that all employees stand shoulder by shoulder to strive for our common goals in the fourth quarter and make even more contribution to the Group’s mid-long term development strategy！