On May 12, 2023, the CNPC "Kunlun Easy Finance" platform Promotion and Exchange Conference was successfully held at Changqing Hotel in Xian. Tian Tuanhu, Deputy Director of the Finance Department of Changqing Oilfield Branch, Li Yan from the Production and Finance Business Department of Shaanxi Sales Branch, and Qu Jianghong, Vice President of Kunpay and Head of the "Kunlun Easy Finance" platform, attended the meeting and delivered speeches.

During his speech at the meeting, Tian Tuanhu highlighted that Changqing Oilfield had surpassed 65 million tons of oil and gas equivalent in 2022, setting a record for the highest annual oil and gas production in CNPC. Changqing Oilfield has nearly 12,000 suppliers, and there is a significant demand for financing from small and medium-sized enterprises. In order to implement the decision-making arrangements of the Party Central Committee and the State Council regarding the assistance of central enterprises in supporting and developing small and medium-sized enterprises, as well as the requirements of the group company to enhance support for small and medium-sized enterprises, Kunlun Smart Holding Company, in collaboration with Kunpeng Express, has developed the "Kunlun Easy Finance" platform. It is part of CNPC's construction of a smart energy platform and serves as the supply chain financial services platform under the smart energy platform.As the only digital supply chain financial services platform within the CNPC system, the "Kunlun Easy Finance" platform effectively addresses the difficulties and high costs of financing for small and medium-sized enterprises, providing secure, convenient, and efficient supply chain financial services for enterprises in the CNPC industry chain. Tian Tuanhu expressed expectations for all parties involved, hoping that participating companies would adhere to the principles of voluntary cooperation, trust, and support in the specific business docking process. He emphasized the importance of mutual understanding, support, and cooperation to promote development, achieve a good situation of co-construction, co-sharing, and win-win cooperation, and jointly create and share the achievements of integrated production and finance. Changqing Oilfield will continue to support the development of Kunlun Smart and hopes that both parties can join hands, leverage the overall advantages of CNPC, forge ahead, explore the depth and breadth of production and finance cooperation, and contribute to the construction of a world-class comprehensive energy company for the group company.

Qu Jianghong, the head of the "Kunlun Easy Finance" platform, shared the original intention behind the establishment of the platform with the attending guests. The goal is for CNPC Group to consider the development of platform economy as an important component of promoting high-quality development. They aim to build the CNPC Smart Energy Platform, providing unified services in finance, logistics, technology, and data. The platform seeks to achieve the integration of online and offline operations, the connectivity of various links in the industry chain, and the fusion of resources, markets, products, technologies, and data. It aims to construct a smart energy and petrochemical industry ecosystem led by CNPC, with multiple participants, openness, and sharing.The "Kunlun Easy Finance" platform is a digital supply chain financial services part of the smart energy platform. The group company fully recognizes the valuable innovative spirit of Kunlun Smart and Kunpeng Express in the digital transformation of production and finance. It points out that the innovative digital supply chain financial service model based on digital currency not only creates new commercial value for the group's digital economy development but also holds potential social welfare value in supporting the development of small and medium-sized enterprises and achieving win-win situations in the industry chain.The "Kunlun Easy Finance" platform will continue to implement the decision-making arrangements of the country and the group company to support the real economy. It will help CNPC's industry chain enterprises to broaden their financing channels, provide financing on demand with daily interest calculations, significantly reduce financing costs, optimize supply relationships, enhance cooperation viscosity, and improve overall competitiveness.

During the meeting, Qu Jianghong provided a detailed explanation of the supply chain financial solutions designed by the "Kunlun Easy Finance" platform to address various funding pain points in different business scenarios. They also introduced platform financial products such as "Contract Financing," "Invoice Financing," "Bill Financing," and "Oil Easy Financing." Qu Jianghong emphasized the core advantages of the "Kunlun Easy Finance" platform, which includes providing low-cost, collateral-free financing services to CNPC's upstream and downstream industry chain enterprises. The platform offers financing without the need for collateral, guarantees from legal entities or controlling individuals, changes to payment accounts, or core enterprise confirmation, all through an entirely online professional financing service.

Peng Yunhui, Vice President of Jiayun Oil and Gas and a representative of attending suppliers, actively shared their financing experience on the "Kunlun Easy Finance" platform. They expressed gratitude and expectations for the platform. The "Kunlun Easy Finance" platform embodies the mission and responsibilities of a central enterprise and provides significant and forward-looking support for the development of small and medium-sized enterprises in the CNPC industry chain. The platform has now fully realized online operations and will soon become an essential financial service platform for CNPC's upstream and downstream industry chain enterprises, truly achieving a symbiotic and win-win relationship between enterprises and businesses.

During the meeting, the attending company guests enthusiastically logged into the "Kunlun Easy Finance" platform to complete their enterprise account registration. They actively interacted with on-site staff of the platform, communicated about the platform's financial products, and expressed strong interest in and expectations for the "Kunlun Easy Finance" platform.

With the successful convening of this meeting, the "Kunlun Easy Finance" platform will seize this opportunity to continue organizing promotional and exchange meetings targeting core enterprises at all levels within CNPC. The platform aims to provide high-quality digital supply chain financial services to upstream and downstream industry chain enterprises of CNPC.