Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited Announces Board Changes, Effective 1 September 2023

The board of directors of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited announced that Mr. Tian Xiao Ren (Mr. Tian) has tendered his resignation as an independent non-executive director with effect from 1 September 2023 due to personal reason. Upon his resignation, Mr. Tian will also cease to be the chairman of the remuneration committee (the remuneration committee), a member of the audit committee (the audit committee) and a member of the nomination committee (the nomination committee) of the company on the same date. The board announced that following the resignation of Mr. Tian, Mr. Zhan Jian Zhou (Mr. Zhan) will be appointed as an independent non-executive director and the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee with effect from 1 September 2023.

Mr. Zhan, aged 52, was awarded the Certificate in Foreign Trade by Shenzhen University and completed the postgraduate course of professional studies in business administration at Sichuan University. He holds a Master of Business Administration from Sun Yat-sen University. He is currently the president of the China International Ocean Forum Belt and Road Investment Fund and the fund manager of Imagi Brokerage Limited.

He holds a RA-9 asset management license. He held senior positions with major international banks and financial investment groups for years. Mr. Zhan was nominated as the outstanding private entrepreneur in Laibin City, Guangxi in 2006.

Mr. Zhan has extensive knowledge in corporate finance and banking.