The majority of the Nominating Committee of Magnus Energy Group Ltd. had reviewed and considered Mustaza Bin Kassim's track record, age, working experience, capabilities and other relevant factors for the appointment as Chief Operating Officer of the Company and recommended to the Board of Directors of the Company (the "Board") for his appointment. The Board has considered the Majority NC's recommendation and approved Mustaza Bin Kassim's appointment as Chief Operating Officer with effect from 4 April 2022, being the first working day of the month of April 2022 as mutually agreed between the Company and Mustaza Bin Kassim.