Asia Energy Logistics Group Limited announced that with effect from 10 February 2020, Mr. Liang Jun (‘Mr. Liang’) has resigned as an Executive Director, a member of each of the Remuneration Committee and the Executive Committee of the Company and the authorized representative under Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as he would like to devote more time for his other personal commitments. Mr. Liang confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board further announces that following the resignation of Mr. Liang as a member of each of the Remuneration Committee and the Executive Committee with effect from 10 February 2020, Mr. Fu Yongyuan (‘Mr. Fu’), an Executive Director, has been appointed as a member of the Remuneration Committee with effect from the same date and thereafter, the composition of the Remuneration Committee consists of three members, namely, Mr. Chan Chi Yuen and Mr. Wong Cheuk Bun, both being independent non-executive Directors and Mr. Fu whilst the composition of the Executive Committee consists of two members, namely Mr. Fu and Mr. Wu Jian, both being Executive Directors. The Board also announces that following the resignation of Mr. Liang as the Authorized Representative, Mr. Fu has been appointed as the Authorized Representative with effect from 10 February 2020.