China Aviation Oil (Singapore) Corporation Ltd. announced the cessation of Mr. Xu Guohong, as Chief Financial Officer. As the Chief Financial Officer of the Company, Mr. Xu Guohong has responsibility for the Company's financial management functions and oversees the Group's financial reporting and accounting practices, financial planning and analysis, treasury and tax related matters. Mr. Xu also has oversight responsibility over the Risk Management Department of the Company.

Mr. Xu Guohong, who is a management seconded personnel of China National Aviation Fuel Group Limited ("CNAF"), will be assuming another role within the CNAF Group. The Board records its appreciation to Mr. Xu for his dedication and contributions to the Company during his tenure of service.