Magnus Energy Group Ltd. announced the cessation of Luke Ho Khee Yong as Chief Executive Officer with effect from 9 January 2020, to pursue personal interests. With effect from 9 January 2020, Luke will relinquish his role and authorities as CEO of the Group and as soon as practicable, resign from all directorship posts in the Group's subsidiaries. With immediate effect from 9 January 2020, Luke shall no longer be employed with the Company nor have any authority to enter into any transaction on behalf of the Company in the capacity of a CEO.