The board of directors of Pearl Oriental Oil Limited announced that Mr. Cao Wei (Mr. Cao), Mr. Xu Guoqiang (Mr. Xu) and Ms. Zhong Bifeng (Ms. Zhong) have been appointed as independent non-executive Directors with effect from 14 August 2019. Mr. Cao, aged 64, completed his study in petrochemical production scheduling at Staff College of Fushun Petrochemical Company in Fushun City, Liaoning Province, China in 1991. Mr. Cao worked at certain branches under Liaoyang Petrochemical Branch of PetroChina Company Limited and had served as the section chief, deputy plant manager, deputy manager and other positions during the years from 1985 to 2015. Mr. Xu has been accredited the titles of mechanical engineer and senior operating manager. Mr. Xu had served as deputy plant manager, manager of sales department, manager of marketing department and secretary of the Party committee, in Sinopec Jingmen Petrochemicals Head Factory and Trading Corporation and its certain branches during the period from October 1986 to March 2019. Ms. Zhong worked in Meizhou Tourism Bureau of Guangdong Province during the years from 2008 to 2012; she was a shareholder and served as manager of sales department of Jilin Province Li'anPetrochemical Co., Limited during the years from 2013 to 2014. The Board further announced that with effect from 14 August 2019: Audit committee: Mr. Cao, Mr. Xu and Ms. Zhong have been appointed as members of audit committee of the Company. Remuneration Committee: Ms. Liu Gui Feng (Ms. Liu), Mr. Cheung Kam Shing, Terry (Mr. Cheung) and Mr. Tang Yau Sing, being the executive Directors, have ceased to be members of the Remuneration Committee; and Ms. Zhong has been appointed as chairlady an d m em b er of the Remuneration Committee, Mr. Chen Bin, the executive Director and Mr. Xu have been appointed as members of the Remuneration Committee. Nomination Committee: Ms. Liu has ceased to be member and chairlady of nomination committee of the Company, and Mr. Cheung has also ceased to be member of the Nomination Committee; and Mr. Cao has been appointed as member and chairman of the Nomination Committee, Mr. Yu Jiyuan, an executive Director and Mr. Xu have been appointed as members of the Nomination Committee.