The board of directors of Polyard Petroleum International Group Limited announced with deepest sorrow that it was informed of the unfortunate death of Mr. Cheng Yun Sing ("Mr. Cheng"), the company secretary (the "Company Secretary") and the authorised representative (the "Authorised Representative") of the Company, on 2 October 2022. The Company and the Board would like to convey its deepest condolences to the family of Mr. Cheng and express its sincere appreciation to Mr. Cheng for his contribution to the Company in the past. The Board further announces that Mr. Qian Jie, the executive director of the Company, has been appointed as the Authorised Representative of the Company with effect from 6 October 2022.

Following the passing away of Mr. Cheng, the Company will have no company secretary, which will constitute a non-compliance of Rule 5.14 of the GEM Listing Rules.