- Business Focus Set on New
Energy Sector
- Pivoting on Energy &
Environment, Energy Technology, and Energy Safety
HONG KONG SAR - Media
OutReach - 5 October 2021 - China Oil Gangran Energy
Group Holdings Limited
("China Oil Gangran" or the "Company", together with its subsidiaries the "Group" , SEHK stock code: 8132) announces
that it has obtained shareholder approval at its recently held annual general
meeting to change the Company name to "Century
Energy International Holdings Limited". The new company name will become
effective upon completion of all legal procedures. It has also announced
appointments of new board members and senior management who are leaders in the
clean energy industry and possess extensive management experience at public
companies. Bringing their wealth of industry knowledge and broad network in the
clean energy industry in China and across the globe, the new management will
give new impetus to the Company's development and drive its business
transformation into full gear.
Seize Opportunities from Carbon Peak
and Neutrality to Thrive in China's New Energy Sector
Mr. Cheung Yip-sang, the new Chief Executive
Officer of the Group, said, "I am excited about joining Century Energy International to steer the
Group's business transformation after a two-year business restructuring. The
business focus of the Group will be squarely set on the new energy sector,
pivoting on the development of the clean energy industry chain. As a major
energy-consuming country, the Chinese government has committed to achieving
carbon peak by 2030 and carbon neutrality by 2060. The fundamental key to
achieving the 'double-carbon' target is to change the path of the energy
industry by adopting new technologies to accelerate the switch to clean energy,
so as to increase energy efficiency and minimise the impact to the environment.
As an emerging energy corporation, the Group's mission is to 'Benefit People's Livelihood
with Clean Energy and Technological Innovation'. We will explore the use of new technologies
to advance the energy industry by introducing and integrating quality projects
in China and from abroad, combining capital, technology and businesses to
create synergies. Our goal is to thrive in the fields of new energy materials,
energy saving and environmental protection and digital technologies for energy
safety."
New Energy Industry
Veterans Enlisted to Bring New Impetus to the Company
The Company
has recently announced various senior management appointments. All the new
appointees are industry leaders who possess unique insights into the energy
industry in China and around the globe. They include:
Mr. Leung Wing
Cheong Eric, Non-executive Director and Chairman of the Board: Mr. Leung Wing Cheong
Eric is experienced in the new energy industry and capital market. Mr. Leung
was the deputy managing director, an executive director, and the chief financial officer of China
Gas Holdings Limited, a company listed on the Stock Exchange of Hong Kong (Stock Code: 384), from 2005 to 2014.
Prior to that, Mr. Leung had worked in different investment banks. Mr. Leung is a lawyer by training, and is
qualified to practise law in Hong Kong, England & Wales, and Australia.
Mr. Cheung Yip-sang, Executive Director
and Chief Executive Officer: Mr. Cheung has extensive experience in the energy sector, having worked
for ENN Holdings Energy Limited ("ENN Energy",
Stock Code: 2688)
for more than 15 years. Mr. Cheung was the Chief Executive Officer of ENN
Energy from 2010 to 2014. Mr. Cheung had subsequently joined the ENN Group in
2014, focusing on the clean energy industry chain, later serving as the Chief
Executive Officer of ENN Group from 2017 to 2019. Mr. Cheung ranked No.1 of the oil & gas sector in Forbes' "Best CEOs of listed companies in China" in 2013. He
also topped Institutional Investor's "Best CEOs" ranking, placing No.1 in the
Oil & Gas sector in Asia in 2014.
Mr. Ma Shenyuan,
President (China Business): Mr. Ma has long been engaged in business
development and administrative management in the oil & gas industry, and
has held important positions in many government departments and companies in
Mainland China, including the National Development and Reform Commission and
State Bureau of Petroleum and Chemical Industry. He has also served as general
manager of natural gas business development in Greater China at the Royal Dutch Shell Plc ("Shell"), as well as senior vice
president of ENN Energy and ENN Group. He was the president of ENN Energy
Trading Group and the CEO of China Pacific Oil & Gas Co., Ltd.
Mr. Li Dewen,
President (International Business): Mr. Li is experienced in the international sales
and overseas investment operations. He has served as a certified
attorney-at-law at the Ministry of Justice of the People's Republic of China,
and acquired substantial experience in Foreign Direct Investment ("FDI"). He has spearheaded the establishment of the
"China-Israel Agricultural Hi-Tech Fund" in China. In tandem with the strong
momentum of China's "Belt and Road" initiative, Mr. Li has facilitated the overseas investments of Chinese state-owned companies, including
China Railway Engineering Corporation, China National Electric Engineering
Corporation, and China National Building Materials Group Corporation.
Mr. Lim Haw Kuang, Independent
Non-executive Director: Mr. Lim Haw Kuang has been a director of Bank
Negara Malaysia (Central Bank of Malaysia) since March 2015. He has been an
executive director of Ranhill Holdings Berhad (MYX Stock Code: 5272) since
September 2014 and an independent non-executive director of Jinxin Fertility
Group Limited, a company listed on the Stock Exchange of Hong Kong (Stock Code:
1951). Prior to that, from March 2013 to March 2014 and from March 2014 to
April 2016, he was an independent non-executive director and a non-executive
director of ENN Energy (Stock Code: 2688). Mr. Lim has previously worked for
Royal Dutch Shell Plc ("Shell") for 34 years. During his tenure at Shell, Mr.
Lim has held various director and senior management positions, including
executive chairman of Shell (China) Ltd. (from July
2005 to February 2013), vice president of corporate planning and strategy for
Shell, president of oil products in Asia Pacific and Middle East regions,
chairman of Shell Malaysia Limited, as well as a managing director of Shell
Malaysia Exploration & Production. From 2012 to 2016, Mr. Lim was an
international council member of the China Council for International Cooperation
on Environment and Development. Since June 2019, Mr. Lim has been a
non-executive director of Wison Group, a company based in
Shanghai with international operations in three main areas: oil and gas
engineering services, offshore and marine services, and new materials. Mr. Lim
graduated with a bachelor's degree in computer science from the Imperial
College of Science and Technology of the University of London in August 1978.
He also obtained a master's degree in business administration from the
International Management Institute in Geneva in 1986.
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