The board of directors of Brightoil Petroleum (Holdings) Limited announced that Dr. Yung Pak Keung Bruce has been appointed as executive director and chief executive officer of the company with effect from July 16, 2014. Yung joined the Group as senior vice-president on January 3, 2014. Dr. Sit Kwong Lam, currently the Chairman of the company and also the founder of the group, will resign as chief executive officer of the company with effect from July 16, 2014.

Dr. Sit will remain as Chairman and an executive director of the company. Dr. Yung has over 25 years of experience in the energy industry throughout Asia and Europe, spanning oil, gas, coal, power and renewable energy. Dr. Yung has held senior management positions in leading global oil and gas companies including as vice president in British Petroleum in PRC and as Global Asset development manager in British Gas in the United Kingdom during the period from 1986 to 2009.

Prior to joining the group, Dr. Yung was the managing director of First Solar Inc. in PRC, and before that, managing director of China Renewable Energy Investment Limited. Dr. Yung joined the group as senior vice- president on January 3, 2014.