BRIGHTOIL PETROLEUM (HOLDINGS) LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
光滙石油(控股)有限公司*
(Incorporated in Bermuda with limited liability)
(Stock Code: 933)Reference is made to the announcements of Brightoil Petroleum (Holdings) Limited (the "Company") dated 15 June 2015, 22 June 2015 and 8 October 2015.
The Company is pleased to announce that, the Group will officially launch the first "Petroleum Industrial Oil + Internet" energy and financial e-commerce platform - Brightoil Online in the PRC on 12 January 2016. The Group has participated in the research and preparation of this platform. By then, the public users will be able to conduct transactions through the platform of Brightoil Online by logging into its official website or searching the name of Brightoil Online. The mobile application is expected to be available for download through mobile by the end of January 2016 to enable mobile operation, to store oil online and consume offline, and to realize wealth appreciation by following the oil price.
Four products will be launched at this stage: "Da Zhong Chu You Ka#" (大眾儲油卡) and "Da Zhong You Pin Xiao Fei Ka#" (大眾油品消費卡) for individual users; and "Chu You Tong Xian Jia Chu You#" (儲油通現價儲油) and "Xian Huo Ti You#" (現貨提油) for corporate users.
The current low oil price presents a good timing for the public to store oil. Brightoil Online will rely on the Group's petroleum industrial chain and oil storage, terminals facilities, ocean oil tankers, oil and gas fields and other infrastructure and the oil product supply and distribution chain established in the past 20 years. Apart from targeting corporate customers with the B2B and O2O models promoting online and offline interaction, Brightoil Online also plans to innovate and launch a C2B model to cater to the needs and improve consumer experience of individual customers and to create a new petroleum consumption model and lead innovative development of the petroleum industry with an endeavor to build a petroleum products storage, duty-free storage, large scale storage, large terminals, large oil tankers, transportation and distribution, retail and wholesale, duty-free bunkering commercial prepaid card, transaction and financial services integration petroleum and energy full industrial chain and e-commerce ecosphere.
By Order of the Board
Brightoil Petroleum (Holdings) Limited Sit Kwong LamChairman
Hong Kong, 11 January 2016
As at the date of this announcement, the Board comprises (i) four Executive Directors, namely Dr. Sit Kwong Lam, Mr. Tang Bo, Mr. Tan Yih Lin and Mr. Wang Wei; (ii) one Non- executive Director, namely Mr. Dai Zhujiang; and (iii) three Independent Non-executive Directors, namely Mr. Kwong Chan Lam, Mr. Lau Hon Chuen and Professor Chang Hsin Kang.
* for identification purpose only
# Mandarin Pinyin for identification purpose only
Brightoil Petroleum (Holdings) Limited issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 11:23:02 UTC
Original Document: http://www.brightoil.com.hk/attachment/2016011119170100002409126_en.pdf
