The Board of Directors of China Aviation Oil (Singapore) Corporation Ltd. announces the following: The appointment of Mr. Shi Yanliang as the Executive Chairman of the Company in place of Mr. Gong Feng, Non-Executive, Non-Independent Chairman of the company from 15 December 2023. Consequent to the aforementioned change, the composition of the Board will be changed as follows: Consequent to the aforementioned change, the composition of the Board will be changed as follows: Board of Directors: Mr. Shi Yanliang - Chairman (Executive, Non-Independent), Mr. Teo Ser Luck - Lead Independent Director (Non-Executive, Independent), Mr. Shi Lei (Non-Executive, Non-Independent), Mr. Zhang Yuchen (Non-Executive, Non-Independent), Mr. Lin Yi - Chief Executive Officer/Executive Director (Executive, Non-Independent), Mr. Hee Theng Fong (Non-Executive, Independent), Dr. Fu Xingran (Non-Executive, Independent), Dr. Jeffrey Goh Mau Seong (Non-Executive, Independent) and Dr. Richard Yang Minghui (Non-Executive, Non-Independent).