China Aviation Oil (Singapore) Corporation Ltd. announced that the Board had considered the recommendations of the Nominating Committee and Mr. Zou's professional qualifications and working experiences and is satisfied that Mr. Zou possesses the requisite qualifications and capabilities to assume the role of Chief Financial Officer of the Company in place of Mr. Xu Guohong. Role And Responsibilities: Executive Mr. Zou will have responsibility for the Company's financial management functions, overseeing the Group's financial reporting and accounting practices, financial planning and analysis, treasury and tax related matters. Mr. Zou will also have oversight responsibility over the Finance Department, the Risk Management Department and other management functions.

He will concurrently relinquish his oversight responsibilities over the Aviation Fuel Department and Oil Products Trading Department. Working Experience: September 2021 to date Vice President, China Aviation Oil (Singapore) Corporation Ltd. May 2017 to August 2021 Assistant to General Manager of Finance Department, China National Aviation Fuel Group Limited September 2014 to May 2017 Assistant to General Manager of China National Aviation Fuel Finance Co. Ltd. March 2012 to September 2014 Manager of Financing and Settlement Department of China National Aviation Fuel Finance Co.

Ltd. July 2011 to March 2012 Business Set-Up Manager of China National Aviation Fuel Finance Co. Ltd. Professional Qualifications: International Finance, Central South University (former Central South University of Technology) MBA, Central South University Senior Economist.