The board of directors of State Energy Group International Assets Holdings Limited announced that (i) Mr. Wang Jian ("Mr. Wang") has been appointed as an executive Director of the Company and (ii) Mr. Jie Ying Han has been appointed as an independent non-executive Director of the Company, both with effect from 29 April 2024. The biographical details of Mr. Wang and Mr. Jie are set out as follows: Mr. Wang, aged 49, is appointed as an executive Director on 29 April 2024. He graduated from the department of fine art of Beijing Normal University. Mr. Wang worked at a renowned automobile company (Dongfang Motor Corporation) in the People's Republic of China (the "PRC") from 1997 to 2002. From 2010 to 2012, he served as China President of China Primary Energy Holdings Limited. From October 2014 to January 2017, Mr. Wang served as an executive director at China Best Group Holdings Limited. From 2017 to 2020, he worked as a chief consultant at China Ludao Technology Company Limited. Mr. Wang has extensive experience in finance, investment activities and corporate strategy and business management. Mr. Jie, aged 48, is appointed as an independent non-executive Director, member of audit committee and nomination committee of the Company on 29 April 2024. He obtained a bachelor of laws degree from Shanghai University, the PRC in 1997, a master of laws degree from Nankai University in 2006. Mr. Jie was a doctorate degree candidate at China University of Political Science and Law for the period from July 2007 to May 2009. Mr. Jie has been a qualified lawyer in the PRC since 2000. Mr. Jie is specialised in merger and acquisition, winding up and restructuring and investments. Mr. Jie worked as a partner at Guangdong Haijiming Law Firm for the period from January 2000 to March 2010; Beijing Zhonglun (Guangzhou) Law Firm for the period from Marh 2010 to June 2016; Beijing Dacheng (Guangzhou) Law Firm for the period from August 2019 to March 2022; as partner/consultant at Beijing King & Wood
Mallesons (Guangzhou) Law Firm for the period from March 2022 to April 2023 and he is now serving as a senior partner at Beijing Haotian(Guangzhou) Law Firm since June 2023 and as the head of the Distressed Investment Committee of the Guangdong Bankruptcy Administrators Association. The Board also announces that with effect from 29 April 2024, Mr. Wu resigned as an executive director of the Company in order to devote more time for his other business engagements. The Board also announces that with effect from 29 April 2024, Mr. Chen resigned as an independent non-executive director of the Company in order to devote more time for his other business engagements.