The board of directors of Jutal Offshore Oil Services Limited announced that Mr. Wang has resigned as Chairman of the Company, Mr. Liu has been appointed as the Executive Director and Chairman of the Company and Mr. Lin has been appointed as the Executive Director of the Company with effect from 10 June 2017. Mr. Liu joined Beijing Sanju Environmental Protection and New Materials Co. Ltd. in June 2000 and has extensive experience in the chemical industry. Since June 2000, Mr. Liu has been acting as the Chairman of Sanju. Mr. Lin founded Sanju in June 1997 and has extensive experience in the clean energy industry. Since June 2000, Mr. Lin has been acting as the vice chairman and the president of Sanju and has extensive experience in the clean energy industry. The Board also announced that Mr. ZhengYimin has been appointed as the Independent Non- executive Director, member of nomination committee, member of audit committee and member of remuneration committee of the Company with effect from 10 June 2017. Mr. Zheng has over 30 years of experience in the field of finance. From 2009 to 2015, Mr. Zheng acted as the president of China Venture Capital Guarantee Co. Ltd. and was responsible for the corporate finance activities of various state-owned enterprises and private enterprises.