(1) Audit Committee

 Antonoil has an Audit Committee mainly responsible for audit and supervision of financial reporting process. The Audit Committee consists of three non-executive independent directors Mr. Zhu Xiaoping, Mr. Zhang Yongyi and Mr. Wang Mingcai. Mr. Zhu Xiaoping acts as the Chairman of Audit Committee.

 

(2) Compensation Committee

 Antonoil has a Compensation Committee mainly responsible for making training and compensation policy, determining and managing remuneration for top management. The Compensation Committee currently consists of two non-executive independent directors Mr. Wang Mingcai and Mr. Zhu Xiaoping, and one executive director Mr. Luo Lin. Mr. Wang Mingcai acts as the Chairman of Compensation Committee.

 

(3) Nomination Committee

Antonoil also has a Nomination Committee, mainly responsible for improving company governance and standardizing the procedure of nomination of directors and top management. The Nomination Committee consists of two non-executive independent directors Mr. Zhang Yongyi and Mr. Wang Mingcai, and one executive director Mr. Luo Lin. Mr. Zhang Yongyi acts as the Chairman of Nomination Committee.