The board of directors of Brightoil Petroleum Holdings Limited announced that, on account of their respective ages and other commitments, and to assist the Company in achieving a Board composition that comprises at least one-third independent non-executive Directors, Mr. He Zixin, Mr. Ran Longhui and Mr. Sun Zhenchun will resign as non-executive Directors of the company with effect from December 30, 2012. Each of them has, however, agreed to assist the Group by acting as upstream consultants to a subsidiary of the company, with effect from December 30, 2012, for specializing in the provision of professional guidance and consultancy services to the development of its upstream business. In this manner, the Group will continue to benefit from the wealth of business experience and knowledge that the three ex-Directors have accumulated.