Polyard Petroleum International Group Limited announced that Mr. Qian Jie ("Mr. Qian") has been appointed as an Executive Director of the Company with effect from 10 June 2022. Mr. Qian, aged 54, holds a doctorate degree of engineering majoring in oil-gas field development from Chengdu University of Technology and a master degree of science majoring in structural geology from Peking University. He is also a holder of Senior Engineer Certificate issued by China National Petroleum Corporation (CNPC) and a qualified Safe Production Management Personnel majoring in onshore oil and gas exploitation engineering issued by Beijing Safety Supervision Bureau.

He has many years of experience in operating international oil, gas and mineral projects and managing related business in multinational corporations. Mr. Qian once worked as senior engineer and geological crew leader in Daqing Oil Field Co. Ltd., a subsidiary of CNPC.

He had been awarded more than a dozen of national, ministerial or provincial, bureau and plant level honors on the technical research projects he had organized or participated in, oil production programs he had prepared and QC management, etc and had published 14 papers in academic journals of different levels. At present he is the production engineer of Sinotech Polyard Petroleum Exploration & Development Research Institute Limited and the deputy country manager of China International Mining Petroleum Company Limited (Philippines Branch) under Polyard Petroleum International Group Limited. Mr. Qian has accepted an appointment offered by the Company for a term of one year which may be terminated by either party thereto giving to the other not less than one calendar month's prior notice in writing.

Mr. Qian shall hold office only until the next following general meeting and shall be eligible for re-election at that meeting, and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company.