CHINA OILFIELD (02883) appoints Liu Jianzhong as the CEO and Shang Jie as the President of the company.

China Oilfield (02883) announced that on June 30, 2026, the Board of Directors received a written resignation letter from Mr. Zhao Shunqiang, the Chairman, Executive Director, and Chief Executive Officer of the company. Mr. Zhao Shunqiang resigned from his positions due to work adjustments, including as Chairman, Executive Director, Chief Executive Officer, and member of the Nomination Committee. His resignation as Chairman, Executive Director, and member of the Nomination Committee will take effect upon the election of new Executive Directors at an extraordinary general meeting of shareholders, while his resignation as Chief Executive Officer took effect on June 30, 2026. According to the company's articles of association, the legal representative of the company is the Chairman of the Board. Therefore, when the Chairman resigns, it is considered a simultaneous resignation as the legal representative. The Board of Directors also received a written resignation letter from Mr. Lu Tao, the Executive Director, on June 30, 2026. Mr. Lu Tao resigned from his position as Executive Director for work adjustment reasons, effective upon the election of new Executive Directors at an extraordinary general meeting of shareholders. On the same day, the Board of Directors appointed Mr. Liu Jianzhong as the Chief Executive Officer of the company and Mr. Shang Jie as the President, both effective from June 30, 2026. Furthermore, the Board of Directors proposed the appointment of Mr. Liu Jianzhong and Mr. Shang Jie as Executive Directors of the company. The Board also proposed the reappointment of Mr. Fan Baitao and Mr. Liu Qiudong as Non-Executive Directors of the company. Mr. Liu Jianzhong will replace Mr. Zhao Shunqiang as the authorized representative of the company under Rule 3.05 of the Listing Rules of The Stock Exchange of Hong Kong Limited, effective from the date of his appointment as an Executive Director at the extraordinary general meeting of shareholders.