The board of directors of Shandong Molong Petroleum Machinery Company Limited announced that Mr. Zhang Yun San has resigned as an executive Director of the company and the Deputy Chairman and General Manager of the company with effect from August 14, 2017. Mr. Zhang has taken this decision due to health reasons. Accordingly, Mr. Zhang has also ceased to be the chairman of strategic committee of the company and the member of remuneration and assessment committee, nomination committee and audit committee of the company on August 14, 2017.