New Standard Energy Limited has appointed Mr. Song Hui and Mr. Liu Xiaofeng as Non-Executive Directors of the Company. Mr. Song is the founding director of Huizhou Energy Investment (Beijing) Co. Ltd. and a resident of Beijing.

He brings 23 years' experience in capital markets, business administration, investment banking, mergers and corporate restructures to New Standard. Mr. Song has over seven years of experience in oil exploration and development. Mr. Liu is the Chief Geologist of Huizhou Energy Investment (Beijing) Co.

Ltd. and a resident of Beijing. He has 26 years' experience in the oil field including extensive experience in seismic interpretation, reservoir description and prediction and well deployment. He was previously the Director of the Oil and Gas Centre at Beijing Orion Energy Technology & Development Co.

Ltd. and Technical Director of Beijing Oriental Cisco Reservoir Technology Co. Ltd. Mr. Song and Mr. Liu were nominated by Huizhou Energy Investment (Beijing) Co., Ltd, New Standard's large shareholder.