The Board of Directors of Sino Oil and Gas Holdings Limited announces that Mr. King Hap Lee has been re-designated from executive director and chief executive officer to non-executive director of the Company with effect from 14 September 2020 due to his other business commitments. Mr. King Hap Lee, aged 58, was appointed as chief executive officer of the Company in November 2010 and executive director of the Company in September 2011. He worked for various central government departments and state-owned enterprises for a considerable period of time and has extensive experience in government organizations and enterprises management. He was the deputy director and chairman of Workers Union of Mechanic and Electronic Products Importation and Exportation Office of the State Council, the deputy general manager of (China Machinery Industry Marketing & Supply Shenzhen Group Corporation) and managing director of (China National Machinery Hong Kong Company).