The board of directors of Shengli Oil & Gas Pipe Holdings Limited announced that Mr. Zhang Liucheng ("Mr. Zhang") has been appointed as the co-chief executive officer of the Company with effect from 30 June 2021. Mr. Zhang is primarily responsible for i) sales of welded pipes for national pipeline projects; and ii) business expansion alongside the upper and down-stream industrial chains of the Company's principal business of welded pipes. Currently, Mr. Zhang also serves as a member of the Economic Committee of Beijing Committee and Shandong province of the Revolutionary Committee of the Chinese Kuomingtang.