This year’s cover design reflects the resilience and prospects of Hengyuan Refining Company (“HRC” or “the Company”) as the process of enhancement continues to strengthen business and operational fundamentals towards achieving enhanced progress and performance.

The motifs and designs allude to consistency and determination in the face of challenges, yet an ability to pivot and adapt in tandem with market forces towards accelerating positive change and establishing a clear pathway of growth. Operational reliability and excellence, business acumen and redefined ambitions set the backdrop for HRC to move forward with an accelerated pace towards establishing a brighter future amidst emerging opportunities.