The board of directors of Jutal Offshore Oil Services Limited together with its subsidiaries announced that Mr. Li has tendered his resignation as the executive director of the Company due to his job assignment with effect from 22 January 2021. The board announced that Mr. Cao has been appointed as the executive director of the Company with effect from 22 January 2021. Mr. Cao, aged 57, was previously an executive director of the Company from November 2005 to April 2020. With effect from 22 January 2021, Mr. Cao has also been appointed as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") in place of Mr. Wang Lishan. Immediately after the aforesaid change, the Authorised Representatives are Mr. Cao and Ms. Leung Fung Yee Alice, the company secretary of the Company.