Polyard Petroleum International Group Limited announced that, with effect from 5 July 2021, Mr. Pai Hsi-Ping has resigned as an Independent Non-executive Director, the chairman of the Remuneration committee, a member of the Audit Committee and Nomination Committee to the Board of the company due to his other business commitment. Mr. Wang Xiaoyu has been appointed as an Independent Non-executive Director and a member of the Remuneration Committee of the company. Mr. Yang Changchun has been appointed as a Non-executive Director and a member of the Nomination Committee of the company. Mr. Cheng Chak Ho has been appointed as a member of the Audit Committee of the company. Ms. Xie Qun has been appointed as the chairman of the Remuneration Committee of the company.