The board of directors of Shengli Oil & Gas Pipe Holdings Limited announced that Mr. Ng Kam Tsun, Jeffrey has tendered his resignation as the company secretary, chief financial officer, an authorised representative of the company with effect from December 31, 2013 due to personal reasons. Mr. Ng confirmed that there is no disagreement with the Board and there is no other matter relating to his resignation. The board also announced that Mr. Hong Kam Le has been appointed as the company secretary of the company, an authorized representative of the company with effect from December 31, 2013.

Mr. Hong is a practising solicitor in Hong Kong.