Star Phoenix announced that, pursuant to the Company's restructuring, the Directors made a decision to implement changes to the management team. Evgenia Bezruchko, the Group Corporate Development Manager and Joint Company Secretary to cease their employment in their current roles. Lubing Liu, the Executive Director, Chief Operating Officer and Joint Company Secretary has tendered his resignation from his role as Joint Company Secretary, but will continue in his other roles without any change. The Board of Directors have approved the non-Board appointment of Richard (Rick) John Clark as Company Secretary. All of the management changes will come into effect on 1 September 2021. Rick has held various senior and executive positions both onshore and offshore. These positions include: Group Managing Director, Chief Operating Officer, Country Manager and Regional Manager for Sub Saharan Africa. Other senior and executive positions held include: General Manager/Country Manager (Nigeria & Ghana) and Company Representative. Rick has also been employed as an Associate to an International Investment Bank based in Baku, Azerbaijan, mainly dealing in Resource Industry opportunities. Mr. Clark has a proven and successful track record in Business Management, Business Development and an excellent understanding of the commercial aspects of the O&G Industry.