The Board of Directors of Sino Oil and Gas Holdings Limited announced as Executive Directors of the company will take up new positions of the company with effect from September 24, 2012. Mr. King Hap Lee has resigned as Chief Executive Officer of the company and assumed the position as Deputy Chairman of the company. Mr. Xu Zucheng who has been appointed as Executive Director of the company in March 2012, has been appointed as the Chief Executive Officer of the company to succeed Mr. King.

In addition, Mr. Zhu Danping has joined the Group and being appointed as Vice President of the company on September 24, 2012.