The Board of King Stone Energy Group Limited announced that with effect from 1 March 2020 Ms. Gloria Chang Wong will resign as an executive director, chairman of the Board and nomination committee of the Company; Mr. Lu Binghui will resign as an independent non-executive director and members of audit committee, nomination committee and remuneration committee of the Company; Mr. Liu Shengming will resign as an independent non-executive director of the Company. Following the resignations of Ms. Chang, Mr. Lu and Mr. Liu, the Board also announced that, with effect from 1 March 2020: Mr. Xu Zhuliang will be appointed as chairman of the Board and nomination committee of the Company and will resign as member of the remuneration committee of the Company; Ms. He Qing will be appointed as the member of the remuneration committee of the Company; and Mr. Lee Kwok Wan will be appointed as members of audit committee, nomination committee and remuneration committee of the Company.