Hengyang Petrochemical Logistics Limited announced the appointment of Loy Boon Huat as Independent Director of the Company, effective from December 19, 2023. The Board, having considered the recommendation of the Nominating Committee, has reviewed, considered, assessed and concluded that Mr. Loy Boon Huat ("Mr Loy") possesses the requisite qualifications and work experience to carry out his duties as Independent Director of the Company, and has accordingly approved the appointment of Mr. Loy as Independent Director of the Company. Job Title: Independent Director, member of the Audit Committee, Nominating Committee and Remuneration Committee.

Working Experience: Director - Waminc Services Pte Ltd. (February 2015 to current) General Manager - Dovechem Industries Pte Ltd. for Singapore Lube Park Terminal (February 2015 to current) Regional supply Chain Director - Dow Chemical (July 2005 to Jan 2015). Director Experience Details: Director will attend training course at Singapore Institute of Directors (SID). Professional Qualifications: Master of Science in Industrial & Systems Engineering, National University of Singapore Bachelor Science in Mechanical Engineering (1st Class Hons) - University of Strathclyde Glasgow/Scotland Qualified Professional Engineer in Singapore and Certified Chartered Engineer (UK).