CHK Oil Limited announced that0 Mr. Chen Bin has resigned as an executive Director and a member of Remuneration Committee due to his other business arrangement; Mr. Cao Wei has resigned as an independent non-executive Director, a member of Audit Committee, a member of Remuneration Committee and the chairman and a member of Nomination Committee due to his other business arrangement; Mr. Yu Zhibo, an executive Director, has been re-designated as a non-executive Director, and due to his re-designation, he also resigned as the vice chairman of the Board; Mr. Yu Jiyuan, an executive Director, has been appointed as the CEO and a member of Remuneration Committee following Mr. Chen Bin's resignation. Mr. Yu Jiyuan has also been appointed as the vice chairman of the Board following Mr. Yu Zhibo's resignation; Mr. Li Songtao, an independent non-executive Director, has been re-designated as an executive Director and due to his re-designation, he has also resigned as the chairman and a member of the Audit Committee; Ms. Yang Yuyan has been appointed as an independent non-executive Director, a member of Remuneration Committee, the chairlady and a member of the Audit Committee; and Mr. Pang Jun has been appointed as an independent non-executive Director, a member of the Audit Committee, the chairman and a member of the Nomination Committee.