Sinostar PEC Holdings Limited announced that the nomination of Mr. Yan Tai Ling as the CFO of the Company was duly reviewed and assessed by the Nominating Committee and the board of directors of the Company (Board). The Board, after having reviewed and considered the experience of Mr. Yan, as well as his performance as the deputy CEO of the Company, has approved the appointment of Mr. Yan as the CFO of the Company (Appointment). Following the Appointment, Mr. Yan will also remain as the Deputy CEO and Executive Director of the Company.

Role And Responsibilities: Executive. Responsible for the entire financial management and statutory reporting of the Group. In addition, he will concurrently responsible for overall management and operations, as well as business development for the Group.

Job Title: Deputy CEO, CFO,Executive Director and a member of risk and investment committee. Working Experience: August 2010- MAY 2013 Shandong Dongming Petrochemical Group Co.,Ltd,Finance director JUNE 2013-DECEMBER 2015 Shandong Dongming Petrochemical Group Co.,Ltd, Deputy General Manager of Fund Manager JANUARY 2016- FEBRUARY 2018 Hong Kong Hengfeng Oil Trade Co.,Limited, Director and Deputy General manager MARCH 2018- JANUARY 2020 Shandong Dongming Yinglun Petrochemical Co.,Ltd, CFO and Board Secretary March 2021 -Current Deputy CEO Sinostar Pec Holdings Limited Other DirectorShips Past: Hong Kong Hengfeng Oil Trade Co.,Limited; Other DirectorShips Present: Hong Kong Hengfeng Oil Trade Co.,Limited; Professional Qualifications: Junior College, Engineering Economy and Finance, Shandong Water Conservancy college. The date of appointment is June 13, 2023.