The board of directors of NewOcean Energy Holdings Limited announced that at the annual general meeting ("AGM") held on 5 June 2019. The Board further announced that, (i) Mr. Chiu Sing Chung, Raymond retired as an executive director and ceased to be a member of the Remuneration Committee with effect from the conclusion of the AGM; and (ii) Mr. Cen Ziniu, an executive director was appointed as a member of the Remuneration Committee with effect from 5 June 2019.