The board of directors of Silk Road Energy Services Group Limited announced that with effect from 12 February 2018, Mr. Hu Zhixiong and Mr. Liu Baoyu has resigned as an executive director of the company. Mr. Wang Tong Tong has been appointed as an Executive Director. Mr. Hu has and Mr. Liu have tendered their resignation in order to devote more time to their other business engagements. Mr. Wang has entered into a service contract with the company, for a term commencing from 12 February 2018 until terminated by either party by giving the other party not less than one month's written notice, subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the Articles of Association of the company and applicable laws and regulations. He will hold office until and be eligible for re-election in the next general meeting of the company.