Sino Energy International Holdings Group Limited announce that, Mr. Zhu Tianxiang ("Mr. Zhu") has resigned as an executive Director due to other business commitments with effect from 26 October 2022; Mr. Chong Cha Hwa ("Mr. Chong") has resigned as an independent non-executive Director due to other business commitments with effect from 31 October 2022, and ceased to be a member of each of the audit committee (the "Audit Committee "), remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee") of the Company following his resignation; and Mr. Ding Ming ("Mr. Ding") has resigned as an executive Director due to health reasons with effect from 3 November 2022. The Board announce that with effect from 3 November 2022: Mr. Tao Yunlong ("Mr. Tao") has been appointed as an executive Director; Mr. Wang Kun ("Mr. Wang") has been appointed as an independent non-executive Director, and the chairman of Nomination Committee, and a member of each of Audit Committee and Remuneration Committee; and Mr. Zhou Weiyu ("Mr. Zhou") has been appointed as an independent non-executive Director, and the chairman of each of Audit Committee and Remuneration Committee, and a member of Nomination Committee. Mr. Tao Yunlong, aged 34, holds a master's degree in Finance from the National University of Singapore.

Mr. Tao has been the project manager in bond financing department of Orient Securities Investment Banking Co. Ltd. since 2014, has been the deputy general manager in bond financing department of CSC Financial Co. Ltd. since 2017 and has been the general manager in bond financing department and the independent director of Wanlian Securities Co.

Ltd. since 2019. He also serves as the assistant director of the Jiangsu Branch, the National Inclusive Finance Exchange Center the consultant of the Asian Infrastructure Investment Bank Council, the deputy secretary of the natural special fund of Beijing Yicheng Cooperative Development Foundation and the deputy secretary of Shenzhen Digital Economy Association. Mr. Wang Kun, aged 40, was graduated from China University of Political Science and Law with a bachelor degree of laws and a master degree of laws.

Mr. Wang once worked in financial institutions including securities companies and banks. Mr. Wang provides legal advisory services to various sizeable corporations and listed companies relating to mergers and acquisitions, corporate restructuring, development and issuance of financial products. Mr. Wang has been the executive general manager of China Orient Capital Investment Group Limited since 2019.

He was an executive director of China Futex Holdings Limited, a company listed on GEM of the Stock Exchange and was delisted on 7 June 2022, from 19 March 2021 to 2 June 2022. Mr. Wang is a lawyer since February 2007, who specializing in providing legal advisory services to various sizeable corporations and listed companies relating to mergers and acquisitions, corporate restructuring, development and issuance of financial products. Mr. Zhou Weiyu, aged 42, holds a master's degree in national economics from the Central University of Finance and Economics.

Mr. Zhou has been employed by Haitong Securities Co. Ltd.*since 2007, and has been the sales controller in the Securities Business Office of Haitong Securities Co. Ltd. since 2012, being in charge of the business of securities institutions.

Mr. Zhou has been employed by Changjiang Securities Company Limited* as the general manager in Securities Business Department since 2017, in charge of the big investment banking business. He has joined in the China Democratic National Construction Associationsince 2019, and has been appointed as the deputy director of the Beijing Xicheng District Finance Committee of the China Democratic National Construction Association by the Beijing Municipal Committee of the CPC since 2021.