In the afternoon of March 7, 2023, the second meeting of the first shareholders' meeting of Galont Oil (Wuhan) New Energy, which was organized by Galont Oil Group Co., Ltd. (hereinafter referred to as "the Group"), was held in the conference room of Beijing Group Corporation. Du Yongsheng, chairman of Galont Oil Group, attended the meeting on behalf of the group company as a shareholder of Galont Oil (Wuhan) New Energy Technology Co., Ltd. Other shareholders attending the meeting were Li Yang, general manager of Galont Oil (Wuhan) New Energy Technology Co., Ltd., Zhang Chuanbo, director and deputy general manager, and Wang Yongjia, supervisor.

At the meeting, General Manager Li Yang made a work report on the company's operation in 2022 to the shareholders, introducing the company's sales data and market share analysis in the field of lubricating oil and new energy in detail. Later, President Li also shared the company's work plan in 2023, including the focus of sales objectives, market expansion, talent training and other aspects, as well as the plan for continuous exploration and development in the field of new energy.

At the same time, the shareholders present at the meeting put forward a series of suggestions on the current business situation and future development direction of the company. Du Yongsheng, the chairman of the board, suggested that the company should expand new ideas and new ideas in the new year, actively develop new marketing channels, improve brand awareness, focus on the owner's products, and constantly improve profitability; Pay attention to talent training and introduction, inject fresh blood, maintain the vitality of the company, and improve the competitiveness of the company.

Wang Yongjia, the supervisor of the company, suggested that the company should continue to improve product quality and technological innovation in the new year to meet customer needs and improve market competitiveness; Pay attention to talent training and management, and establish a sound talent incentive mechanism. Zhang Chuanbo, director and deputy general manager of the company, suggested that with the intensification of industry competition, the company should strengthen its marketing efforts, expand its market share, improve its product competitiveness, and pay attention to internal self-management and improve its management.

The convening of the shareholders' meeting fully reflects the good communication and interaction between Galont Petroleum (Wuhan) New Energy Technology Co., Ltd. and its shareholders, and also shows the steady development of the group company in the field of energy and its broad prospects in the future.