Brightoil Petroleum Limited Announces Vacation of Sit Kwong Lam as Chairman of the Board and Executive Director

Brightoil Petroleum (Holdings) Limited is a Hong Kong-based investment holding company principally engaged in the provision of petroleum products and marine bunkering services. The Company operates through five segments. International Trading and Bunkering Operation segment is engaged in the international supply of petroleum products and the provision of marine bunkering and related services to international vessels. Marine Transportation Operation segment is engaged in the provision of international marine transportation services of fuel oil or crude oil. Upstream Natural Gas segment is engaged in the development, production and sales of natural gas. Upstream Crude Oil segment is engaged in the development, production and sales of upstream crude oil. Direct Investments segment is engaged in the investment in listed and unlisted equity and debt securities. The Company operates businesses in China, Hong Kong, Singapore, South Korea, the United States, Malaysia and Japan, among others.