China Aviation Oil (Singapore) Corporation Ltd. announced that the Board had considered the recommendations of the Nominating Committee and Dr. Fu Xingran's professional background, qualifications, expertise, qualifications and deep experience in projects investment and assets management. After having confirmed Dr. Fu's independence, the Board approved the appointment of Dr. Fu as Non-Executive, Independent Director, Chairman of the Nominating Committee, Member of the Audit Committee and Member of the Remuneration Committee. From July 2020 to date Fu is General Manager, Beijing Rongyi Investment and Management Co. Ltd. and October 2019 to date Fu is General Manager, Beijing Jingguochuang Funds Management Co. Ltd. Appointment date is September 30, 2021.