Hengyang Petrochemical Logistics Limited announced that the Board of Directors, having assessed the track record, experience and capabilities of Mr. Zi, is of the opinion that he has the requisite experience and capability to assume the responsibilities of the Acting Chief Financial Officer of the Company. Taking into consideration that Mr. Zi will be taking relevant courses to familiarise himself with the applicable rules in relation to companies listed on the SGX-ST, the Board accordingly accepted the recommendation of the Audit Committee and the Nomination Committee for appointment of Mr. Zi as the Acting Chief Financial Officer of the Group. January 2014 to present, Hengyang Holding Pte.

Ltd., Vice CFO; October 2011 to November 2013, GSS Shanghai Co. Ltd., Vice President; November 2010 to September 2011, Norlong (Wuxi) Foundry Products Co. Ltd., Finance Director; April 2006 to October 2010, Boart Longyear Drilling Products (Wuxi) Co.

Ltd., Financial Controller.