Core Viewpoint - The company has entered into a project technical consulting agreement with Shandong Longzhong Information Technology Co., Ltd. to conduct a feasibility study for the development of a fuel and natural gas supply network in Laos [1][2] Group 1: Agreement Details - Shandong Longzhong is tasked with assisting the company in reviewing, revising, and negotiating the feasibility study, as well as negotiating and reviewing the concession agreement with the Lao Ministry of Industry and Commerce [2] - The feasibility study report prepared by Shandong Longzhong must meet the requirements set by the Lao government authorities, and the company must ensure timely submission for review [2] - All work and services provided by Shandong Longzhong must consider the local environmental and conditions, with a report expected within two months of signing the agreement [2] Group 2: Strategic Importance - The board believes that the strategic cooperation with the Lao Ministry of Industry and Commerce will enable the company to enter the refined oil and gas business in Laos, diversifying its existing business portfolio and expanding its revenue base [2] - The company aims to leverage Shandong Longzhong's expertise in the global energy and petrochemical market to conduct a comprehensive feasibility study for the potential development project in Laos [2]
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