The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)Mr Zhang Lizheng has been with the Group since December 2005 and has assumed the position of the Acting General Manager of Linyi Jiuxin Energy Co., Ltd ("Jiuxin") and Jiutai Energy Technology Co., Ltd ("Jiutai Energy") since February 2010. The Chief Executive Officer ("CEO") of the Group has assessed the performance of Mr Zhang Lizheng as the Acting General Manager of Jiuxin and Jiutai Energy for the past two years and has recommended the promotion of Mr Zhang Lizheng as the General Manager of Jiuxin and Jiutai Energy. The Nominating Committee has reviewed the CEO's recommendation and the Board has approved the promotion of Mr Zhang Lizheng. Whether appointment is executive, and if so, area of responsibilityThe General Manager is an executive position in the Group. Mr Zhang Lizheng has the responsibility of overseeing the overall operation and management of Jiuxin and Jiutai Energy.Working experience and occupation(s) during the past 10 yearsMr Zhang started his career with our Group in December 2005 as the Internal Compliance Manager. In February 2007, he was appointed as General Manager's Assistant (Internal Compliance Department). From November 2007 to February 2010, he was the Deputy General Manager of the Group's Finance Centre. He was appointed to the position of Acting General Manager of Jiuxin and Jiutai Energy in February 2010, where he oversees the overall operation and management.

From 2001 to December 2005, Mr Zhang was the Finance Manager of Shandong Lanling Alcohol Co., Ltd.Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiariesNonePresentLinyi Jiuxin Energy Co., Ltd.*
Jiutai Energy Technology Co., Ltd.*

* wholly-owned subsidiaries of the Groupa.Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner

NAb.Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency

NAd.Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose

NAe.Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach

NAf.Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)

NA