The board of directors of OIL has passed a resolution to sign contracts and conduct transactions with related parties. The aim of these transactions is to enhance the company’s operational efficiency and optimize resources. The contracts will encompass various fields including supply of materials, services, and investment in project development.
The resolution also outlines the necessary conditions and criteria required for these transactions to be carried out transparently and in compliance with current regulations. Should any contracts appear inappropriate or fail to meet the requirements, the board will review and make timely adjustments to ensure the best interests of the company and its shareholders are preserved.
Additionally, these transactions will be closely monitored to assess the effectiveness of each contract while ensuring fairness and transparency in the company’s financial management.
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