Magnus Energy Group Ltd. announced that Mr. Christopher B. O'Connor's will cease as the Independent Non-Executive Director of the Company with effect from 8 May 2020. Following his cessation, he will cease to be the Chairman of the Audit Committee ("AC") and a member of the Nominating Committee and Remuneration Committee with effect from 8 May 2020. Mr. Kuek Eng Chye Anthony, an Independent Non-Executive Director of the Company, will be re-designated as the Acting Chairman of the Audit Committee with effect from 8 May 2020.