The Board of Directors of Sino Oil and Gas Holdings Limited announced that Ms. Chai Lin (Ms. Chai) has been appointed as non-executive director of the company with effect from 1 April 2018. Ms. Chai has been nominated to the Board and as director of the company's wholly owned subsidiaries, Orion Energy International Inc. and Power Great Limited respectively by Crescent Spring Investment Holdings Limited (Crescent), to replace Mr. Chen Chun Tung Jason who resigned from the aforesaid posts in November 2017. Ms. Chai Lin, aged 32, has been the general manager of the investment management department of Huarong International since August 2017 responsible for direct investments of Huarong International. Ms. Chai was the deputy general manager at a subsidiary of Huarong International in Shenzhen from November 2016 to August 2017. The company and Ms. Chai has entered into a service contract. According to the service contract, Ms. Chai is appointed for a term of one year. Since Ms. Chai is nominated by Crescent, she will not receive any director's fee or remuneration.