The board of directors of Asia Energy Logistics Group Limited announced that Mr. Fu Yong Yuan has been appointed as an Executive Director, effective July 6, 2016. Mr. Fu, aged 60, is a marine engineer and an economist for the shipping management. He graduated from Guangdong Province Economics Management Institute majoring in Industrial Economic Management and has over 40 years of experience in shipping and freight management. As an Executive Director, Mr. Fu has entered into a service contract with the company for a term of three years, subject to termination with three months' 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.