Shandong Molong Petroleum Machinery Company Limited announced that the resolution on the election of Mr. Han Gao Gui as an executive Director has been duly passed by the Shareholders at the EGM. The Board announces that (i) Mr. Yao You Ling has resigned as an executive Director and with effect from 10 May 2024 due to other work arrangements; and (ii) Mr. Zhao Xiao Tong has resigned as an executive Director with effect from 10 May 2024 due to other work arrangements. The Board announces that Mr. Yuan Rui has resigned as the Chairman, and ceased to be a member of each of the Nomination Committee and the Remuneration Committee and the chairman of the Strategy Committee with effect from 10 May 2024 due to other work arrangements.

The Board announces that Mr. Han Gao Gui has been appointed as the Chairman, a member of each of the Nomination Committee and the Remuneration Committee and the chairman of the Strategy Committee with effect from 10 May 2024.