The board of directors of China Huarong Energy Company Limited announced that Mr. Niu Jianmin has been appointed by the Board as an executive director of the Company with effect from 1 March 2020. Mr. Niu is currently the president of Kyrgyzier Neftegaz Limited Liability Company, since March 2018. Mr. Niu has over 30 years of experience in oil and energy industry. Prior to joining the Company, he served as the deputy general manager of Xinjiang Yaxin International Economic and Trade Co. Ltd. from 1991 to 2002. . From 2009 to 2018, he was employed in several oil and energy related companies, mainly responsible for acquisition, exploration and development of Kazakhstan oilfield projects. Mr. Niu entered into an appointment letter with the Company for a term of three years commencing from 1 March 2020.