Silk Road Energy Services Group Limited announces that with effect from 1 March 2024: (1) Ms. Lei Ming has been redesignated from an Independent Non-Executive Director to an executive director of the Company; and (2) Upon the Redesignation, Ms. Lei Ming ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. The biographical details of Ms. Lei Ming are set out below: Ms. Lei Ming, aged 43, 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 15 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. In respect of the Redesignation, Ms. Lei has entered enter into a service agreement with the Company as an Executive Director for a term commencing from 1 March 2024 until terminated by either party by giving the other party not less than one month's written notice, and is subject to retirement by rotation and reelection by shareholders of the Company at the subsequent general meeting of the Company in accordance with the Articles and applicable laws and regulations.

Ms. Lei is entitled to a director's remuneration of HKD 35,000 per month and a discretionary bonus at the sole determination of the Board, which was determined by the Board with reference to her duties, experience and responsibilities in the Company and the market conditions.