The board of directors of Brightoil Petroleum (Holdings) Limited announced that Mr. Wang Wei, an Executive Director of the Company and Chief Executive Officer of the Company's wholly-owned subsidiary Brightoil Petroleum (S'pore) Ptd. Ltd., has tendered his notice of retiring from office at the end of his Initial Term of three years pursuant to the Service Agreement entered into between him and the Company on 8 May 2015, and decided not to seek re-election by the shareholders of the Company. Mr. Wang ceased to be an Executive Director of the Company with effect from 18 May 2018 and ceased to be Chief Executive Officer of Brightoil Petroleum (S'pore) Ptd. Ltd. with effect from 21 May 2018.