Sinopec Kantons Holdings Limited announced that Mr. Chen Bo has been appointed as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company with effect from 19 May 2014, being the date of this announcement. Mr. Chen Bo, aged 51, is an engineer. The Board also announced that Mr. Dai Zhao Ming has tendered his resignation as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company with effect from 19 May 2014, being the date of this announcement due to change in job assignment within the Sinopec Group.