The board of directors of Silk Road Energy Services Group Limited announced that Mr. Guo Xiang has tendered his resignation as an Executive Director with effect from 18 May 2016, due to his other business engagements. He will remain as the general manager of (Ordos City Tai Pu Mining Engineering Company Limited), a subsidiary of the company. Mr. Liu has been appointed as an Executive Director with effect from 18 May 2016. Prior to joining the Group, he has been a lawyer practicing in the PRC and an investment controller in the Beijing office of an international investment Group. He has extensive experience in the fields of engineering, legal services and investment.