The board of directors of Jutal Offshore Oil Services Limited, together with its subsidiaries, announced that due to his other personal commitments, Mr. Chen Guocai has tendered his resignation as an Executive Director and president of the company with effect from March 20, 2015. The board announced that Mr. Li Chunyi has been appointed as the Executive Director of the company with effect from March 20, 2015. Mr. Li, aged 63, is the assistant president of the Company and in charge of the commercial and marketing of the Bohai region.