The board of directors of Brightoil Petroleum (Holdings) Limited announced the resignation of Mr. Lau Hon Chuen (Mr. Lau), Professor Chang Hsin Kang (Prof. Chang) and Mr. Kwong Chan Lam (Mr. Kwong) (collectively, the Resigned Directors) as independent non-executive Directors with effect from 19 June 2019. The Resigned Directors came to a view that they were unable to discharge their function and duties as independent non-executive Directors and their duties as requested by the Board to conduct the independent review of matters leading to the delay in provision of information or documentation to the auditor and/or completion of the audit, which was commenced in September 2017 (the Review). Following the resignation of Mr. Lau, Prof. Chang and Mr. Kwong as independent non-executive Directors: Mr. Lau ceased to be the chairman of the nomination committee (the Nomination Committee), a member of the audit committee (the Audit Committee) and a member of the remuneration committee (the Remuneration Committee) of the company; Prof. Chang ceased to be the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee; and Mr. Kwong ceased to be the chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee. The Board announced the appointment of Dr. Lo Wing Yan William, JP (Dr. Lo), Mr. Wang Tian (Mr. Wang) and Mr. Chan Wai Leung (Mr. Chan) as independent non-executive Directors with effect from 28 June 2019 to fill the vacancies arising from the resignation of Mr. Lau, Prof. Chang and Mr. Kwong. Following the appointment of Dr. Lo, Mr. Wang and Mr. Chan as independent non-executive Directors: Dr. Lo has been appointed as the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee; Mr. Wang appointed to be the chairman of the Nomination Committee, a member of the Audit Committee and a member of the Remuneration Committee; and Mr. Chan appointed to be the chairman of the Audi Committee, a member of the Remuneration Committee and a member of the Nomination Committee. Dr. Lo, aged 58, is currently the Chairman of Captcha Media Ltd. Mr. Wang Tian has extensive experience in the field of financial management. Mr. Wang acted as an Executive Director of Shougang Concord Grand (Group) Limited from March 2004 to June 2017 and was the Deputy Managing Director and a member of the Executive Committee of that company. Mr. Chan, aged 48, currently working as the chief financial officer and chief compliance officer of Vantage Assets Management Limited. Mr. Chan acted as the chief financial officer, chief risk officer, and Vice President of corporate investment and financing in two listed companies during April 2016 to April 2019. The Board announced the appointment of Mr. Zhao Liguo (Mr. Zhao) as a non-executive Director with effect from 28 June 2019. Mr. Zhao, aged 65, worked in China National Offshore Oil Corporation (CNOOC) from 1983 to June 2015. He served as Head of Contract Division and Deputy General Manager of Contract Law Department, and General Manager of Legal Department of CNOOC. The Board announced that Mr. Chiang Chi Kin (Mr. Chiang) has been appointed as the Company Secretary of the Company and authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 28 June 2019. Mr. Chiang has over 21 years of experience in corporate and commercial law, company secretarial and compliance matters. Mr. Chiang was appointed as the General Counsel of the Company since 3 June 2019. The Board would like to take this opportunity to welcome Dr. Lo, Mr. Wang, Mr. Chan, Mr. Zhao and Mr. Chiang on their new appointment and to express its sincere gratitude to Mr. Lau, Prof. Chang and Mr. Kwong for their contributions to the Company during their tenure of office.