Asia Energy Logistics : DELAY IN DESPATCH OF CIRCULAR

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ASIA ENERGY LOGISTICS GROUP LIMITED

亞 洲 能 源 物 流 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 351)

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement (the "Announcement") of the Company dated 29 August 2019 in relation to the Disposal. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated herein.

As disclosed in the Announcement, it was expected that the circular (the "Circular") containing, among others, further information about the Disposal and a notice of General Meeting would be despatched to the Shareholders on or before 30 September 2019. As additional time is required for the Company to finalise the financial and other information of the Group for disclosure in the Circular, the despatch date of the Circular will be delayed to a date on or before 18 October 2019.

By order of the Board

Asia Energy Logistics Group Limited

Liang Jun

Executive Director

Hong Kong, 30 September 2019

As at the date of this announcement, the executive directors of the Company are Mr. Liang Jun, Mr. Fu Yongyuan and Mr. Wu Jian; the non-executive director of the Company is Mr. Yu Baodong (Chairman); and the independent non-executive directors of the Company are Mr. Chan Chi Yuen, Mr. Wong Cheuk Bun and Mr. Wong Yin Shun.