Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Hilong Holding Limited

海隆控股有限公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1623) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Hilong Holding Limited (the "Company" together with its subsidiaries, the "Group") announces that with effect from 25 August 2017, Mr. Shi Zheyan ("Mr. Shi") has been appointed as an independent non-executive director of the Company.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that, with effect from 25 August 2017, Mr. Shi has been appointed as an independent non-executive director of the Company.

Mr. Shi Zheyan (施哲彥), aged 60, is a senior engineer. He holds a bachelor's degree in business administration from the Southwest Petroleum University (西南石油學院). He has close to 40 years of work experience in the petroleum industry. From April 2014 to July 2016, he was the deputy general economist as well as director-general of the security department of the China National Petroleum Corporation ("CNPC"). He had served as director-general of the security department since April 2007. From December 2000 to April 2007, he served as the deputy director-general at the general office of CNPC. From July 1995 to December 2000, he served as the deputy general manager of CNPC Engineering & Construction Company. From March 1992 to July 1995, he was the secretary (section secretary level) at the general office secretariat of CNPC. From October 1985 to March 1992, he worked at the CNPC Managers Training Institute of the Ministry of Petroleum Industry (石油工業部北京石油管理幹部學 院), first as the deputy director-general at the general office of the Party Committee, and later as the director-general of the head of institute's office as well as the head of human resources department. From October 1979 to October 1985, he served as the officer and deputy head of the Department of Transport under the East China Oil Transport Administration Bureau (華 東輸油管理局運輸處). In January 1975, he started working at the Liaohe Oil Field (遼河油 田) and, from May 1978 to October 1979, he served as the confidential secretary at the Party Committee's general office of the transportation division at the Liaohe Oil Field.

* For identification purposes only

Mr. Shi will sign a letter of appointment with the Company for a term of three years commencing on 25 August 2017 which can be terminated by either party giving not less than one month's written notice. He is subject to the retirement by rotation provisions as set out in the articles of association of the Company. Under the letter of appointment, Mr. Shi is entitled to receive annual director's remuneration of HKD240,000. The director's remuneration of Mr. Shi was determined by the Board with the recommendation of the Remuneration Committee with reference to time commitments, responsibilities, and comparable market rates. The Remuneration Committee will review the level of director's remuneration from time to time and make recommendation to the Board for adjustments if necessary.

Save as disclosed above, Mr. Shi does not hold any other position in the Company and other members of the Group, and has not held any directorship in any other public companies which are listed on any securities market in Hong Kong or overseas in the past three years.

Save as disclosed above, to the best knowledge of the Company, Mr. Shi does not have any relationship with any other director, senior management, substantial shareholder or controlling shareholder of the Company, and does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Shi has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Save as disclosed above, there is no other information required to be disclosed pursuant to any of the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, nor are there any other matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to extend a warm welcome to Mr. Shi for his new role in the Company.

For and on behalf of the Board

Hilong Holding Limited ZHANG Jun

Chairman

25 August 2017

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Jun and Mr. WANG Tao (汪濤); the non-executive directors are Ms. ZHANG Shuman, Mr.

YUAN Pengbin, Mr. LI Huaiqi and Mr. YANG Qingli; and the independent non-executive directors are Mr. WANG Tao (王濤), Mr. WONG Man Chung Francis, Mr. LIU Haisheng and

Mr. SHI Zheyan.

Hilong Holding Limited published this content on 25 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2017 10:37:01 UTC.

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