New Times Energy Corporation Limited (the ‘Company’) announced that Mr. CHAN, Chi Yuen (‘Mr. Chan’) has tendered his resignation as an independent non-executive director, the chairman of the remuneration committee (the ‘Remuneration Committee’), the chairman of the nomination committee (the ‘Nomination Committee’) and a member of the audit committee (the ‘Audit Committee’) of the Company with effect from 24 March 2020. As a result of the resignation of Mr. Chan as an independent non-executive director of the Company, he has also ceased to be the chairman of both the Remuneration Committee and the Nomination Committee as well as a member of the Audit Committee. Mr. YUNG, Chun Fai Dickie has been appointed as the chairman of both the Remuneration Committee and the Nomination Committee, Mr. LEE, Chi Hin Jacob has resigned as a member of the Remuneration Committee and Mr. CHENG, Kam Chiu Stewart has resigned as a member of the Nomination Committee; all with effect from 24 March 2020.