The board of directors of Polyard Petroleum International Group Limited announced that Mr. Wong Kon Man Jason has tendered his resignation as independent non-executive director of the company which will become effective from 18 October 2013 as Mr. Wong wants to devote more time to his personal and business affairs which do not compete with the business of the company. Upon his resignation, with effect from 18 October 2013, Mr. Wong will cease to act as the chairman of the Audit Committee. Mr. Wong has confirmed that he has no disagreement with the Board and that there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the company.

The Board further announced that Ms. Wang Ai-Chin has been appointed as independent non-executive director of the company with effect from 18 October 2013. With effect from 18 October 2013, Ms. Wang has also been appointed as the chairman of the Audit Committee. Prior to joining the Group, Wang had over 30 years of experience in the profession of accounting.