On August 26, 2015, the Board of Directors of the Andatee China Marine Fuel Services Corporation accepted resignation of Quan Zhang, the company's Chief Financial Officer. On August 29, 2015, the Board appointed Mr. Sheng Jin as the company's Chief Financial Officer effective immediately. Mr. Jin has approximately 25 years of accounting experience.

From 2013 to present, Mr. Jin headed accounting departments at Shanghai Juhua Industry Development Ltd. and Shanghai Debang Trading Co. Ltd. Prior to that, from 2007 to 2013, he presided over the accounting department at Juhua Holding Co. Ltd.