The board of directors of Polyard Petroleum International Group Limited announced that Mr. Pan Wen-Cheng has been appointed as independent non-executive director and chairman of the Audit Committee of the company with effect from January 10, 2014. Currently Mr. Pan is the lecturer and university archives consultant of the Department of Transportation Technology and Management of Feng Chia University. Mr. Pan shall hold office only until the next following general meeting and shall be eligible for re-election at that meeting, and is subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the articles of association of the company.