CTF Services Limited — Regulatory Filings 2017

Feb 7, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

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ASIA ENERGY LOGISTICS GROUP LIMITED 亞洲能源物流集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 351)

CONVERSION OF THE TRANCHE 2 NOTES

On 7 February 2017, the Company received a conversion notice from the Subscriber in respect of the exercise of the Conversion Rights attached to the Tranche 2 Notes in the aggregate amount of HK$1,000,000 held by the Subscriber at the Conversion Price of HK$0.032 per Conversion Share, which is the Floating Conversion Price and equals to 80% of the average of the closing price per Share on three consecutive Business Days from 9 January 2017 to 11 January 2017 of HK$0.040. As a result of this conversion, the Company allotted and issued the Tranche 2 Conversion Shares to the Subscriber on 7 February 2017.

CONVERSION OF THE TRANCHE 2 NOTES

Reference is made to the circular of the Company dated 11 April 2016 (the “ Circular ”) and the announcement of the Company dated 1 March 2016, 3 May 2016, 10 May 2016, 23 June 2016, 19 July 2016, 26 July 2016, 8 August 2016, 8 September 2016, 11 October 2016, 24 October 2016, 26 October 2016, 18 November 2016, 13 December 2016, 13 January 2017 and 26 January 2017 (the “ Announcements ”) in relation to the issue and conversion of the Tranche 2 Notes. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular and the Announcements unless otherwise stated herein.

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On 7 February 2017, the Company received a conversion notice from the Subscriber in respect of the exercise of the Conversion Rights attached to the Tranche 2 Notes in the aggregate amount of HK$1,000,000 held by the Subscriber at the Conversion Price of HK$0.032 per Conversion Share, which is the Floating Conversion Price and equals to 80% of the average of the closing price per Share on three consecutive Business Days from 9 January 2017 to 11 January 2017 of HK$0.040. As a result of this conversion, the Company allotted and issued a total of 31,250,000 Conversion Shares (the “ Tranche 2 Conversion Shares ”) to the Subscriber on 7 February 2017.

As disclosed in the Circular, the Conversion Price shall be the greater of (i) HK$0.025 per Conversion Share, which is 50% of the Closing Price for the Business Day immediately preceding the Conversion Date on which the Shares were trades on the Stock Exchange, or (ii) HK$0.032 per Conversion Share, which is the Floating Conversion Price and equals to 80% of the average of the closing prices per Share on any three consecutive Business Days as selected by the relevant Noteholder during the 45 Business Days immediately preceding the relevant Conversion Date on which Shares were traded on the Stock Exchange. The Tranche 2 Conversion Shares will rank pari passu with all the existing Shares at the date of allotment and among themselves in all respects.

The Tranche 2 Conversion Shares represent approximately 0.2175% of the total number of issued shares of the Company immediately before the allotment and issue of the Tranche 2 Conversion Shares and approximately 0.2170% of the total number of issued shares of the Company as enlarged by the allotment and issue of the Tranche 2 Conversion Shares. The total number of issued shares of the Company will be increased to 14,401,869,875 Shares upon allotment and issue of the Tranche 2 Conversion Shares.

By order of the Board Asia Energy Logistics Group Limited Liang Jun

Executive Director

7 February 2017

As at the date of this announcement, the executive directors of the Company are Mr. Liang Jun, Mr. Fung Ka Keung, David, Mr. Tse On Kin, Mr. Fu Yongyuan and Mr. Lin Wenqing; the non-executive director of the Company is Mr. Yu Baodong (Chairman); and the independent non-executive directors of the Company are Mr. Chan Chi Yuen, Professor Sit Fung Shuen, Victor and Mr. Siu Miu Man.

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