The board of directors of IDG Energy Investment Limited announced that Prof. CHEN Zhiwu has tendered his resignation as an independent non-executive Director, member of the remuneration committee and member and chairman of the nomination committee of the company with effect from October 19, 2018 due to his other personal commitments. CHEN does not hold any positions of the company and the company's subsidiaries after his resignation. CHEN confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company. The Board announced that Ms. GE Aiji has been appointed as an independent non-executive Director, a member of the Remuneration Committee and a member and the chairman of the Nomination Committee of the company with effect from October 19, 2018. GE has over 30 years of experience in the energy industry. GE has played pivotal roles in many domestic enterprises' overseas upstream exploration and development projects and led various major international merger and acquisition projects in the upstream oil and gas field. Ms. GE has been serving as the vice president of Talent Power Group Limited since 2014. From 2012 to 2016, Ms. GE served as a non-executive director of Mining Resource Company of China Great Wall Industry Corporation. In addition, Ms. GE held several management positions with China National Oil and Gas Exploration and Development Corporation, China National Petroleum Corporation and its affiliated companies.