Asia Energy Logistics : Announcements and Notices - Appointment of Independent Non-executive Director, Member of the Audit Committee, the Remuneration Committee and the Nomination Committee and Non-compliance with Rule 3.10a of the Listing Rules

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亞 洲 能 源 物 流 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

The Board is pleased to announce that Mr. Siu has been appointed as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 15 August 2016.

As at the date of this announcement, the number of independent non-executive Directors represents less than one-third of the Board as required under Rule 3.10A of the Listing Rules. The Company will take all necessary measures to comply with Rule 3.10A of the Listing Rules on or before 5 October 2016.

The board (the "Board") of directors (the "Directors") of Asia Energy Logistics Group Limited (the "Company") wishes to announce that Mr. Siu Miu Man ("Mr. Siu") has been appointed as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 15 August 2016.

Mr. Siu, aged 59, holds a Master of Science Degree in Electronic Commerce from the Hong Kong Polytechnic University and he is a Registered Professional Engineer, a Registered Professional Surveyor and an Authorized Person by qualification under the Building Ordinance (Chapter 123 of the Laws of Hong Kong). In addition, Mr. Siu is a corporate member of the Chartered Institute of Arbitrators, the Royal Institution of Chartered Surveyors, the Hong Kong Institute of Surveyors and the Hong Kong Institution of Engineers.

Mr. Siu is currently a member of the Guangdong Huizhou Political Consultative Party, the Vice President of the Association of Hong Kong Professionals, the Honorary President of the Hong Kong Kowloon City Industry and Commerce Association, the Chairman of the Building Healthy Kowloon City Association and the Vice President of the Hong Kong Real Property Federation. He is actively participating in public affairs and charitable activities.

Mr. Siu has served in many public listed companies as senior management and has over 25 years of managerial experience in general management, commerce, banking, finance, real estate development and construction business. He is currently a director of a consultancy firm, an engineering firm and an electronic manufacturing company.

Save as disclosed above, Mr. Siu does not hold any positions in the Company or its subsidiaries and he has not held any other directorships in other listed public companies during the three years prior to the date of this announcement. Mr. Siu does not have any relationships with any Directors, senior management, substantial or controlling shareholders of the Company.

As an independent non-executive Director, Mr. Siu has entered into a service contract with the Company for a term of three years, subject to termination with one month prior notice in writing to the other party and retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Mr. Siu will be entitled to an annual remuneration of HK$120,000 which was determined with reference to his duties and responsibilities with the Company.

As at the date of this announcement, Mr. Siu does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save for the information set out above, there is no other information relating to the appointment of Mr. Siu as an independent non-executive Director to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), and there is no other matter which needs to be brought to the attention of the shareholders of the Company in relation to Mr. Siu's appointment.

As at the date of this announcement, the Board comprises 6 executive Directors, 2 non-executive Directors and 3 independent non-executive Directors. The number of independent non-executive Directors represents less than one-third of the board as required under Rule 3.10A of the Listing Rules.

The Company will take all necessary measures to comply with Rule 3.10A of the Listing Rules on or before 5 October 2016. Further announcement will be made by the Company as and when appropriate.

The Board would like to extend a warm welcome to Mr. Siu for joining the Board.

By order of the Board

Executive Director

15 August 2016

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, Mr. Tse On Kin, Mr. Fu Yong Yuan and Mr. Lin Wenqing; 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, Professor Sit Fung Shuen, Victor and Mr. Siu Miu Man.