Change - Change in Corporate Information::Cessation of Auditors

Issuer

Announcement Title: Change - Change in Corporate Information
Date &Time of Broadcast: 30-Oct-2019 22:34:56
Status: New
Announcement Sub Title: Cessation of Auditors
Announcement Reference: SG191030OTHRX43E
Submitted By (Co./ Ind. Name): Luke Ho Khee Yong
Designation: Chief Executive Officer
Description (Please provide a detailed description of the event in the box below): Moore Stephens LLP, the auditors for Magnus Energy Group Ltd. (the "Company"), were not re-elected by shareholders at the Annual General Meeting held on 30 October 2019.

The Director of the Company intends to convene an Extraordinary General Meeting ("EGM") at a later date for shareholders of the Company to re-consider and approve resolutions relating to the appointment of auditors of the Company. Details of these resolutions and the EGM will be made known in due course.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lui.
Tel: 6389 3000 Email: bernard.lui@morganlewis.com

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