The board of directors of Hilong Holding Limited announced the following changes to the Board, Audit Committee, Nomination Committee and Remuneration Committee of the company. Ms. Zhang Shuman has been re-designated as a Non-executive Director of the company from an Executive Director of the company with effect from 29 March 2012. Ms. Zhang Shuman, aged 38, is the chief strategy officer and a member of the Audit Committee of the company. She has been a director of the company since 15 October 2008. Ms. Zhang has over 15 years of experience in the oil service industry, including the experience as a translator of First Machinery Factory of Huabei Petroleum Administration Bureau from 1996 to 2003. Ms. Zhang is primarily responsible for the financing activities and strategic investment activities of the Group. Ms. Zhang has been a director of Hilong Group of Companies Ltd. and a director of Shanghai Tube-Cote Petroleum Pipe Coating Co. Ltd. since 2008. Mr. Wang Tao has been re-designated as an Executive Director of the company from a Non-executive Director of the Company with effect from 29 March 2012. Mr. Wang Tao, aged 48, is a member of the Nomination Committee of the company. He also serves as directors of Hilong Drilling & Supply FZE and Hilong Oil Services and Engineering Nigeria Limited since 2010. Mr. Wang has over 23 years of management experience in the petroleum industry and he serves as vice general manager of Hilong Group of Companies Ltd. from 2006 to present. Mr. Wang Tao has ceased to be a member of the Audit Committee of the company and Ms. Zhang Shuman has been appointed as a member of the Audit Committee of the company both with effect from 29 March 2012. Mr. Wang Tao has been appointed as the Chairman of the Nomination Committee of the company in place of Ms. Zhang Shuman with effect from 29 March 2012. Ms. Zhang Shuman has ceased to be the Chairman and a member of the Nomination Committee of the company and Mr. Wang Tao has been appointed as a member of the Nomination Committee of the company all with effect from 29 March 2012. Mr. Wang Tao has been appointed as the Chairman of the Remuneration Committee of the company in place of Mr. Yuan Pengbin with effect from 29 March 2012. Mr. Yuan Pengbin has ceased to be the Chairman with effect from 29 March 2012 and remains as a member of the Remuneration Committee of the company.