The board of directors of Perennial Energy Holdings Limited announced that with effect from 1 September 2019. Mr. Yu Zhilong will be appointed as an executive Director; Mr. Yu Xiao will be appointed as an executive Director; and Mr. Wang Xiufeng will be appointed as an independent non-executive Director. Mr. Yu Zhilong, aged 32, acted as the deputy manager of (Guizhou Bangda Energy Development Co. Ltd.) from August 2011 to April 2016. Mr. Yu Zhilong was appointed as the manager of (Guizhou Jiutai Bangda Energy Development Co. Ltd. Electricity and Machinery Branch), the branch office of an indirect wholly-owned subsidiary of the company, in July 2016. He was also appointed as the legal representative of (Guizhou Fu Bangda Consultancy Services Co. Ltd.), an indirect wholly-owned subsidiary of the company, in June 2017. Mr. Yu Xiao, aged 36, acted as the deputy general manager of Guizhou Bangda from March 2017 to February 2019. Mr. Yu Xiao was appointed as the chief executive officer of (Guizhou Jiutai Bangda Energy Development Co. Ltd.), an indirect wholly-owned subsidiary of the company, in March 2019. He was appointed to certain posts including accounting clerk, account manager and chief accountant in finance department of (Guizhou Qiangui Tianneng Coking Co. Ltd.) from September 2006 to February 2017. Mr. Wang Xiufeng, aged 61, has over 30 years' experience in coal mining industry. He had worked in (Guizhou Coal Mine Design and Research Institute) and has been the mine design project leader in various coal mines. Mr. Wang was the chairman of the board of directors and legal representative of (Guizhou Coal Mine Geological Engineering Co. Ltd.) from December 2012 to April 2018. Mr. Wang was also the vice president of Guizhou Coal Mine Institute from March 2003 to April 2018. He was the senior engineer of Guizhou Coal Mine Institute from March 1997 to April 2018. Mr. Wang obtained a certificate of Registered Mining/Mineral Exploration & Design Engineer from the Ministry of Construction of the People's Republic of China. He is currently an independent non-executive director of Feishang Anthracite Resources Limited which is listed on the Main Board of The Stock Exchange of Hong Kong Limited.