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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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)

PROGRESS UPDATE ON THE DISPOSALS AND

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the Announcements in relation to, among other things, the Very
Substantial Disposal and Connected Transactions of the Company.
PROGRESS UPDATE ON THE DISPOSALS
The Board wishes to update the potential investors of the Company and the Shareholders that the Company, the Vendor and the Purchaser have been working closely together to address the outstanding issues mentioned in the Announcements but additional time is required to resolve those issues.
DELAY IN DESPATCH OF CIRCULAR
The Board also wishes to announce that the despatch of the Circular will be delayed to on or before 31 October 2015.
Reference is made to the announcements of Asia Energy Logistics Group Limited (the
''Company'') dated 28 February 2014, 21 March 2014, 25 April 2014, 30 May 2014, 27 June
2014, 31 July 2014, 29 August 2014, 29 September 2014, 31 October 2014, 31 December 2014,
27 February 2015 and 29 May 2015 respectively (collectively, the ''Announcements'') in relation to, among other things, the Very Substantial Disposal and Connected Transactions of the Company. Unless otherwise specified, terms used in this announcement shall have the same meanings as defined in the Announcements.
PROGRESS UPDATE ON THE DISPOSALS
The Board wishes to update the potential investors of the Company and the Shareholders that the Company, the Vendor and the Purchaser have been working closely together to address the outstanding issues mentioned in the Announcements but additional time is required to resolve those issues.
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During May to August 2015, the first draft valuation report on the overlaid mine near the Tangcheng Section has been compiled and the Target Companies have been negotiating with the overlaid mine owner to ascertain the compensation payable. However, the compensation payable has yet to be finalised as at the date of this announcement.
DELAY IN DESPATCH OF CIRCULAR
As disclosed in the Announcements, it was expected that the Circular containing, among others, further information about the Disposals and a notice of general meeting would be despatched to the Shareholders on or before 31 August 2015. As additional time is required for the Company to finalise the financial and other information of the Group for disclosure in the Circular and to resolve the issues stated above, the despatch of the Circular will be delayed to on or before 31 October 2015.
By order of the Board
Asia Energy Logistics Group Limited
Liang Jun
Executive Director
28 August 2015
As at the date of this announcement, the executive directors of the Company are Mr. Liang Jun, Mr. Fung Ka Keung, David, Ms. Yu Sau Lai and Mr. Tse On Kin; the non-executive directors of the Company are Mr. Yu Baodong (Chairman) and Ms. Sun Wei; and the independent non- executive directors of the Company are Mr. Chan Chi Yuen, Mr. Zhang Xi and Prof. Sit Fung Shuen, Victor.
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