The board of directors of Binhai Investment Company Limited announced that Mr. Xi Ming has tendered his resignation as the Chief Finance Officer of the Company. Mr. Xu Yan has been appointed as the Chief Finance Officer of the Company with effect from 12 June 2024. Mr. Xu, aged 51, is a PRC senior economist graduated from Henan Agricultural University with a major in modern business management.

Mr. Xu has been working in various subsidiaries of China Petroleum & Chemical Corporation for many years, and has extensive work experience in financial management.