Appointment of Managing Director

Appointment of Heshameldin Fathi Mohamed Khalil as Managing Director

Asean Energy Corp. announced a plan of arrangement whereby the company spins-out as a separate reporting issuer its domestic subsidiary 1016183 B.C. Ltd. to the benefit of existing shareholders, and Spinco acquires 100% of Servomarine Sdn. Bhd. under the terms and conditions further described herein.

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Bloomberg News

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