Hengyang Petrochemical Logistics Limited Announces Board Changes

Hengyang Petrochemical Logistics Limited is a China-based investment holding company. The Company, through its subsidiaries, provides logistic services for the petrochemical industry in China. The Company operates through three segments: service segment, transportation segment and development stage segment. The service segment is in the business of storage, dispatch and drumming of liquid petrochemical products. The transportation segment is in the business of providing land transportation services. The development stage segment consists of companies, which have not commenced operations except for construction-in-progress. The Company provides storage and land transportation services for different types of liquid and gas petrochemicals, such as acetic acid, phenol, acetone, styrene, methanol, propane, butane, butadiene, fuel oil and base oil. Hengyang Holding Pte. Ltd, which is an investment holding company, is the subsidiary of the Company.