China Aviation Oil (Singapore) Corporation Ltd. announced that Mr. Conrad F.J. Clifford had expressed his intention to step down as a Non-Executive, Independent Director, Chairman of Remuneration Committee, Member of Nominating Committee and Member of Risk Management Committee, in view of his heavy work commitments following his promotion as Senior Vice President and Deputy Director General of IATA. Mr. Clifford is currently based in IATA Headquarters, Geneva.