New Standard Energy Limited announced the appointment of Mr. (Bruce) Li Hua as Managing Director of the company and Mr. Zhang Dongbo as Non-executive Director, effective immediately. Mr. Li has significant experience in business management and international trade with many large enterprises in China. Most recently, Mr. Li was General Manager of Beijing Hanrende Trade Co.

Ltd. Zhang specialises in international trading and has experience in investment and project management in China, Hong Kong, Australia and New Zealand. Zhang is currently a director of Top Educational Group, Fortune City Development Ltd. and Tristar United Investment Ltd. The Board also advised that Arthur Dixon, who has served as the company's Chairman since 2011, and Non-executive Director Mr. Phil Thick have resigned as directors of the company. Mr. Dixon's resignation is effective immediately and Mr. Thick's resignation is effective 16 September 2016.

Dixon is replaced as Non-executive Chairman by Mr. Song Hui, who was previously a Non-executive director and Mr. Li has been appointed as Company Secretary following the resignation of Mr. Mark Clements.