REG - Star Phoenix Group - Directorate Change

Star PhoenixAnnouncement

31/05/2022 11:45

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RNS Number : 4152N  Star Phoenix Group Ltd  31 May 2022

Star Phoenix Group Ltd

("Star Phoenix" or the "Company")

 

31 May 2022

Appointment of Executive Chairman and Directorate Changes

 

Star Phoenix (AIM: STA), an international company with an oilfield services
business in Trinidad and an oil and gas interest in Indonesia, is pleased
to announce that, following a meeting held by the Board of Directors (the
"Board") today, the changes to the Board detailed below have been approved,
effective from 1 June 2022:

 

1.  The Board elected and appointed Mr Lubing Liu as Executive Chairman
effective from 1 June 2022;

2.   The Board appointed Mr Mu (Robin) Luo as Company Secretary and
Executive Director effective from 1 June 2022. Mr Luo's appointment as
Non-Executive Director will cease on 31 May 2022; and

3.   The Board approved Mr Zhiwei (Kerry) Gu's appointment as Executive
Chairman will cease on 31 May 2022. Mr Gu will remain as a Non-Executive
Director effective from 1 June 2022.

 

The remuneration of the Board of Directors will be adjusted to reflect the
changes listed above.

This announcement has been approved by Chairman Kerry Gu on behalf of the
Company.

 

 Contact Details

                                  WH Ireland Limited (Nominated Adviser and Broker)

 Star Phoenix Group Ltd           James Joyce / Ben Good

 Lubing Liu (Company Secretary)   t.   +44 (0)20 7220 1666

 e. admin@starphoenixgroup.com

 t.   +61 8 6205 3012

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

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