Zhejiang Renzhi Co., Ltd. in its Extraordinary General Meeting held on 06 January 2020, approved the election of Wen Zhiping, Chen Zehong, Shi Lei, Liang Zhaoliang, Li Bo and Zhu Shaodong as non-independent directors, election of Fu Guanqiang, Li Weiwei and Tong Guolin as independent directors and election of Hu Guanghui and Wang Jiaqi as non-employee supervisors, cumulative voting system applicable.
Zhejiang Renzhi Co., Ltd., formerly Sichuan Renzhi Oilfield Technology Services Co., Ltd., is a China-based company principally engaged in the provision of oilfield technical services. The Company mainly provides drilling fluid technical services, including drilling fluid deployment, circulation operation and recycling services; oil and gas field environmental protection technical services, including oil and gas field wastewater treatment, waste mud treatment and drilling sewage treatment technology services; underground operation technical services, including underground technical services, production increasing technical services, downhole tools and well completion technical services. The Company is also engaged in the development, production and sales of oilfield chemicals and functional new materials. The Company mainly operates its businesses in the Mainland of China.