Appointment And Resignation Of Chief Financial Officer

BackMar 30, 2007

The Board of Directors of China Petrotech Holdings Limited (the "Company") is pleased to announce Mr Lui Che Kin will be appointed as Chief Financial Officer ('CFO') in place of Mr Ng Wai Cheong, Charles who has tendered his resignation, with effect from 1 April 2007.

The details and declaration of Mr Lui Che Kin as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are contained in a separate announcement.

The Board would like to place on record its appreciation to Mr Ng for his contributions to the Company and extends its best wishes to him in his future endeavours.

Consequent upon Mr Lui's appointment as CFO of the Company, Mr Lui will be re-designated as an Executive Director of the Company.

By Order of the Board

William Chan Shut Li
Executive Chairman