Phoenix Power Company SAOG announced that at AGM held on 24 April 2018 approved the Acceptance of the resignation of Mr. Neil Cave from his position as a member of the Board and Deputy Chairman effective from 24 April 2018 due to personal related reasons. Acceptance of the resignation of Mr. Tomoki Nishino from his position as a member of the Board as a representative of Axia Power Holdings B.V. effective from 24 April 2018. Acceptance of the resignation of Mr. Masamitsu Suda from his position as a member of the Board effective from 24 April 2018 due to personal related reasons. Acceptance of the appointment of Mr. Peter Jones, who has more than 35 years experiences in power sector, as a member of the Board, as a representative of Axia Power Holdings B.V in replacement of Mr. Tomoki Nishino with effect from 24 April 2018. Appointment of Mr. Tomoki Nishino and Mr. Naoki Takahashi, who have more than 20 years experiences in power sector, as temporary members with effect from 24 April 2018. Election of Mr. Peter Jones as Deputy Chairman of the Board. Approval of the appointment of Mr. Peter Jones, Mr. Tomoki Nishino and Mr. Naoki Takahashi as the Audit Committee members with effect from 24 April 2018. Approval of the appointment of Mr. Naoki Takahashi as the member of Nomination and Remuneration with effect from 24 April 2018. Approval of the appointment of Mr. Ahmed Al Abri as Company Secretary with effect from 24 April 2018.