The board of Directors of New Times Energy Corporation Limited announced that Ms. Lam Katrina Lai Kuen has ceased to act as the company secretary of the Company (the "Company Secretary"), and the authorised representative of the Company under rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong), respectively with effect from 17 January 2020. Ms. Lam has confirmed that she had no disagreement with the Board and there were no other matters in relation to her resignation that should be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Ms. Li Shan Mui, Janice ("Ms. Li") has been appointed as the Company Secretary and Authorised Representative with effect from 17 January 2020. Ms. Li is a member of The Hong Kong Institute of Certified Public Accountants, a fellow of the Association of Chartered Certified Accountants, an associate member and a certified tax adviser of The Taxation Institute of Hong Kong. Ms. Li has extensive working experience in auditing, accounting, budgeting and financial analysis, and has over 10 years of experience in acting as company secretary to companies listed on The Stock Exchange of Hong Kong Limited.