Changfeng Energy Inc. announced that, effective February 22, 2019, Mr. Huajun Lin, founder, chief executive officer and chairman of the company will resign all of his positions with the company, including the role of CEO, chairman and director, due to health reasons. Mr. Lin will continue to serve Changfeng as an advisor. The board of directors of the company has appointed Ms Ann Siyin Lin, vice president of corporate development and director of the board as the new CEO and chair of Changfeng.

Mr. Frederick Wong Wai Keung, Changfeng senior consultant, has been appointed to the board to fill the vacancy left by Mr. Lin resignation.