The board of directors of Dalipal Holdings Limited announced that Mr. Zhang Hongyao has been re-designated from a non-executive Director to an executive Director with effect from January 1, 2020. Mr. Zhang, aged 49, was appointed as a director of the company on February 27, 2019 and re-designated as a non-executive Director and vice-chairman of the Board on June 19, 2019. He has more than 14 years of experience in oil pipe manufacturing industry. Prior to joining the Group, he has been the deputy general manager of Baosteel America Inc., which principally engages in sale of steel and metal products, from July 2015 to October 2019; the deputy general manager of the steel pipe department of Baoshan Iron & Steel Co. Ltd., which principally engages in steel and metal manufacturing and processing, from August 2007 to July 2015; the general manager and director of Yantai Lubao Steel Pipe Company Limited, which principally engages in steel pipe production and processing, from August 2004 to June 2005 and from June 2005 to August 2007 respectively; and the deputy general manager of Baoshan Iron & Steel Co. Ltd. Steel Pipe Branch, which principally engages in sale and processing of steel pipe, from August 2004 to June 2005. He obtained a bachelor's degree in trade economics from Shanghai University of Finance and Economics in July 1992 and a master's degree of arts from West Virginia University in December 2001.