The board of directors of Asia Energy Logistics Group Limited announced that with effect from 30 October 2020 Mr. Fu Yongyuan resigned as an Executive Director of the Company as he would like to spend more time to pursue his own business. As a result, Mr. Fu also ceased to be Chairman of Executive Committee and member of Remuneration Committee of the Company with effect from the same date. Mr. Wu Jian resigned as an Executive Director of the Company as he would like to spend more time to pursue his own business. As a result, Mr. Wu also ceased to be member of Executive Committee with effect from the same date. After his resignation, Mr. Wu will remain as a director of certain subsidiaries within the Group. Mr. Pang Yuet, an Executive Director and Chairman of Nomination Committee of the Company, was appointed as Chairman of Executive Committee of the Company. Mr. Sun Peng was appointed as an Executive Director and member of Executive Committee and member of Remuneration Committee of the Company.