The board of directors of Kunlun Energy Company Limited announced that, pursuant to a resolution of the directors passed at a meeting of the Board on 18 February 2016, Mr. Huang Weihe ("Mr. Huang") has been appointed as an executive director of the company with effect from 18 February 2016. Mr. Huang has also been appointed as the chairman of the Board with effect from 18 February 2016. Mr. Huang Weihe is currently the vice president of PetroChina Company Limited and the general manager of PetroChina Natural Gas and Pipelines Company.

He has nearly 30 years of working experience in China's oil and gas industry. Following the appointment of Mr. Huang as an executive director of the company and the Chairman, Mr. Wu Enlai ("Mr. Wu"), an executive director of the company, will cease to be the Chairman and a member of the Nomination Committee of the company with effect from 18 February 2016. The other duties and responsibilities of Mr. Wu as a member of the Board will remain unchanged.

The Board also announced that Mr. Sun Patrick ("Mr. Sun") has been appointed as an independent non-executive director of the Company at the Meeting, with effect from 18 February 2016. Mr. Sun Patrick is currently an independent non-executive director of Trinity Limited, Sihuan Pharmaceutical Holdings Group Ltd, China NT Pharma Group Company Limited and China Railway Signal & Communication Corporation Limited. He is also an independent non-executive director of CRRC Corporation Limited and China Railway Construction Corporation Limited.