Shandong Molong Petroleum Machinery Company Limited announced that at its EGM held on November 25, 2020, Mr. Yang Yun Long and Mr. Yuan Rui have been elected as executive Directors and appointed as the chairman and deputy chairman of the Board respectively; and Mr. Yang Yun Long has been appointed as the chairman of the Strategy Committee and a member of each of the Nomination Committee and the Remuneration Committee.