SHENGLI OIL & GAS PIPE HOLDINGS LIMITED announced that Mr. Chen Junzhu has been appointed as an Independent Non-executive Director, the chairman of the audit committee and a member of the remuneration committee, with effect from 30 May 2013. Mr. Chen Junzhu has been a partner of the Guangdong Zheng Yuan Public Accountants since July 2007. He has also been an independent director and the chairman of audit committee of Guangdong Tapai Group Co.

Ltd., and a director and the chief financial officer of Huakang Insurance Agency Co. Ltd. since September 2011. Prior to that, Mr. Chen served as a certified public accountant and a manager of transaction advisory service department in Ernst & Young Certified Public Accountants from July 2006 to June 2007.

Pursuant to the letter of appointment entered into by the company and Mr. Chen, Mr. Chen shall be an Independent Non-executive Director for a term of three years from 30 May 2013 to 29 May 2016, subject to re-election requirements under the articles of association of the company and the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.