The board of directors of State Energy Group International Assets Holdings Limited announced the following appointment of executive Directors with effect from 22 August 2023: The company announced appointment of Mr. Wang Yuelai as executive director. Mr. Wang aged 53, obtained the professional qualification of corporate finance in Jining Finance School, the People's Republic of China in 1992. Mr. Wang is the managing director of (Shandong Longyi Aviation Technology Co.

Ltd.). Mr. Wang has over 20 years of business development and management experiences in the industry of unarmed aerial vehicles (UAVs). In June 2020, Mr. Wang founded Shandong Dingfeng Aviation Technology Co.

Ltd. (Shandong Dingfeng) in Jining High-tech Zone of the PRC and served as its director and chief executive officer. Total investment of Shandong Dingfeng was RMB 250 million and had an annual output of 400 sets of flying robots. Mr. Wang joined Shandong Longyi in November 2016 and serving as its managing director since then.

He participated in the strategic development and reform of Shangdong Longyi, leading it to a new milestone. Mr. Wang is vice president of (Hong Kong Federation of Shandong Chambers of Commerce), commissioner for business environment monitoring of Shandong Provincial Committee of China Council for the Promotion of International Trade and a researcher of academic committee of Chinese Academy of Management Sciences. The company also announced that the appointment of Mr. Yang Zeyun as Executive Director.

Mr. Yang, aged 41, graduated from Shandong Gymnastic Sports School in 2005, and was awarded the title of Sports Master by the State General Administration of Sports in the PRC. Mr. Yang is the legal representative and chief executive officer of Shangdong Longyi. Mr. Yang has over 20 years of UAVs and related areas including research and development, production and marketing.

Mr. Yang possesses strong leadership and execution power. He possesses advanced industrial-grade UAV knowledge and manufacture technology and has developed and completed the first multi-rotor UAV in China. In May 2006, Mr. Yang was hired as the production supervisor of Foshan Anercom Aviation Technology Co.

Ltd., and served until 2013. During his tenure, Mr. Yang received training in UAV system development and production in Germany. In 2015, Mr. Yang co-founded Shangdong Longyi which was located in Jining National High-tech Zone, Shandong Province, the PRC.

Mr. Yang led the research & development team of Shangdong Longyi in the research and development of industrial-grade drones, and has obtained 98 patents including but not limited to 13 invention patents, six registered computer software copyrights, with two published papers, and was awarded with more than ten provincial and municipal scientific and technological projects. Mr. Yang is also a part-time tutor of master student at (China University of Mining & Technology, Beijing), a member of (China Aviation Sports Association), a national athlete, a leading talent in Jining City, and a grassroots scientific and technological talent in the western uplift belt of Shandong Province, the PRC.