The board of directors of Hengyang Petrochemical Logistics Limited refers to the announcements relating to the cessation of Mr. Anthony Ng Koon Leng and Mr. Diong Tai Pew as independent directors of the Company and the appointments of Mr. Khaw Shee Kai and Mr. Loy Boon Huat as independent directors of the Company dated 18 December 2023 and 19 December 2023. The Board announced the following changes in the composition of the Board and the Board Committees as follows: Board of Directors: Mr. Loy Boon Huat Non-Executive Independent Chairman; Mr. Gu Wen Long Chief Executive Officer and Executive Director; Mr. Tee Tuan Sem Vice Chairman and Executive Director; Mr. Khaw Shee Kai Lead Independent Director; and Mr. Xie Yu Non-Executive Director. Audit Committee: Mr. Khaw Shee Kai Chairman; Mr. Loy Boon Huat Member; and Mr. Xie Yu Member.

Nominating Committee: Mr. Loy Boon Huat Chairman; Mr. Khaw Shee Kai Member; and Mr. Xie Yu Member. Remuneration Committee: Mr. Loy Boon Huat Chairman; Mr. Khaw Shee Kai Member; and Mr. Xie Yu Member.