The board of directors of China Oil Gangran Energy Group Holdings Limited announced that Mr. He Wen has resigned as an independent non-executive Director and a member of each of the audit committee of the Company, the remuneration committee of the Company and the nomination committee of the Company with effect from 5 March 2020 due to his other commitment. Mr. He has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange of Hong Kong Limited. The Company announced that (i) Mr. Chen Tian Gang has been appointed as an executive Director; and (ii) Mr. Chan Wai Cheung Admiral has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 5 March 2020. Mr. Chen, aged 46, was an executive director of the Company from November 2010 to July 2013 and the production manager of a subsidiary of the Group for over 15 years. Afterwards, he was engaged in private businesses in the People's Republic of China. Recently, Mr. Chen has rejoined the Group as the production manager of a subsidiary of the Group. Mr. Chen graduated from Fujian Agricultural and Forestry University, majoring in tea studies. He has over 20 years of working experience in the power and data cord industry. Mr. Chen is the cousin of Mr. Yeung Shing Wai, an executive Director. Mr. Chan, aged 46, holds a Bachelor of Arts (Honours) in Accountancy from City University of Hong Kong. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants. He has extensive experience in the accounting and auditing fields. Mr. Chan is currently an executive director and the company secretary of Energy International Investments Holdings Limited and an independent non-executive director of each of SFund International Holdings Limited, Zhong Ao Home Group Limited and China Water Affairs Group Limited, all of which are listed on the Stock Exchange. Mr. Chan was a non-executive director of China Nonferrous Metals Company Limited from June 2015 to May 2019 and an independent non-executive director of Carnival Group International Holdings Limited from December 2014 to April 2019, all of which are listed on the Stock Exchange.