The board of Directors of New Times Energy Corporation Limited announced that Mr. TANG, John Wing Yan has been appointed as an Executive Director and the Chief Executive Officer of the Company with effect from 30 June 2017. The Board also announced that Mr. CHENG Ming Kit, currently an Executive Director of the Company, will relinquish his role as an Executive Director and be re-designated as a Non-executive Director of the Company with effect from 30 June 2017. The Board also announced that Mr. LAI Chi Fung has resigned as (i) the Financial Controller and Company Secretary of the Company, (ii) an authorised representative of the Company under Rule 3.05 of the Listing Rules; and (iii) an authorised representative of the Company for the purpose of accepting service of process and notices in Hong Kong, all with effect from 30 June 2017.

The Board also announced that Mr. LAM Hon Hing has been appointed as the Company Secretary of the Company, the Authorised Representative and the Process Agent, all with effect from 30 June 2017 to fill the vacancies arising from the resignation of Mr. Lai.