On November 4, the board meeting of Semizbay-U Limited Liability Partnership (hereinafter referred to as “Semizbay-U”) was held in Hong Kong. Xing Jianhua, Director of Semizbay-U, Deputy General Manager and Chief Accountant of CGNPC Uranium Resources Co., Ltd. attended the meeting.

Bakiyev, General Manager of Semizbay-U made an introduction on work in 2017 and a report on production & operation as well as financial budget in 2018, moreover, 2018 production plan, financial budget and other proposals were reviewed and passed.

Xing Jianhua recognized the outcome achieved by Semizbay-U in the past, and put an emphasis on that Semizbay-U should actively think about and further explore measures to reduce cost and enhance efficiency to improve the operation under the context of the current market environment.

Yusupov, CFO of Kazatomprom and Chairman of Semizbay-U introduced Kazatomprom’s judgment on future natural uranium market.