The Board of Directors of Sino Oil and Gas Holdings Limited announced the Mr. Zhu Danping has resigned as executive director and chief executive officer and Mr. Zhu will remain as the chairman of Orion Energy International Inc. (a wholly owned subsidiary of the Company). Mr. Zhu has confirmed that he has no disagreement with the Board. Mr. Kong Siu Tim has resigned as non-executive director due to his personal reasons.

Mr. King Hap Lee, who has been appointed as executive director of the Company since September 2011 and deputy chairman of the Board of the Company since September 2012, has been appointed as chief executive officer of the Company. Mr. Chen Hua and Mr. Huang Shaowu have been appointed as non-executive directors of the Company, with effect from June 9, 2014.