The board of directors of Silk Road Energy Services Group Limited announced that with effect from 11 November 2022, (i) Mr. Wang Zhixiang (Mr. Wang) and Ms. Feng Jibei (Ms. Feng) have resigned as independent non-executive directors of the company and ceased to be a member of each of the audit committee of the company, the remuneration committee of the company and the nomination committee of the company; and (ii) Mr. Huang Tianhua and Mr. Lei Ming have been appointed as independent non-executive directors and a member of each of the audit committee, the remuneration committee and the nomination committee. The biographical information of Mr. Huang is set out below: Mr. Huang, aged 57, is an engineer and graduated from Southwest University of Science and Technology with a bachelor's degree in mining engineering. Mr. Huang has extensive experience in the trading of mineral products and corporate management.

He currently holds a senior position in an investment company. Mr. Huang sold 40% of the total equity interest in Sino-Mongolia Fluorspar Mining Co. Ltd., to the Company.

For further information, please refer to the announcement of the Company dated 15 May 2012. Subsequently, the company's interest in Sino-Mongolia Fluorspar Mining Co. Ltd. was disposed of to an independent third party in 2017.

Mr. Huang has entered into an appointment letter with the Company for three years commencing from 11 November 2022. Mr. Huang is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles and applicable laws and regulations. He will hold office until and be eligible for re-election in the next general meeting of the Company.

Mr. Huang will be entitled to a director's fee of HKD 60,000 per annum which is determined with reference to his experience, duties and responsibilities in the Company and the market benchmark. The biographical information of Ms. Lei is set out below: Ms. Lei, aged 42, graduated from Tongji University with a bachelor's degree in business administration. She obtained a master's degree in business administration from Xiangtan University in 2016.

Ms. Lei has over 14 years of experience in the IT industry. She is the founder and the chairman of a company incorporated in the PRC which is principally engaged in researching, developing, and manufacturing intelligent robots. Ms. Lei has entered an appointment letter with the Company for has entered into an appointment letter with the Company for three years commencing from 11 November 2022.

Ms. Lei is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles and applicable laws and regulations. She will hold office until and be eligible for re-election in the next general meeting of the company. Ms. Lei will be entitled to a director's fee of HKD 60,000 per annum which is determined with reference to her experience, duties and responsibilities in the company and the market benchmark.