United Energy Group awarded "Excellent Performance"

Nov 29th, Hong Kong, United Energy Group Ltd ("UEG") was awarded “The Listed Enterprise Excellence Awards 2018-Excellent Performance" selected and held by Capital Weekly, a renowned financial magazine in Hong Kong.

The "The Listed Enterprise Excellence Awards 2018" is the annual corporate awards hosted by Capital Weekly in Hong Kong, which has been held for 9 years. The award recognizes companies listed on the Hong Kong Stock Exchange with outstanding performance in the past 12 months and encourages companies to strive for the stability and prosperity of global economy.

UEG has achieved excellent performance and significant breakthrough in 2018: In April, UEG completed the acquisition of AROL, in June UEG completed the acquisition of OMV Group's assets in Pakistan, and in September UEG has entered into transaction documents to acquire 100% shares of Kuwait Energy Company. With the announcement of the three major acquisitions, UEG has come to a new phase of a medium-sized independent oil company, transiting from single asset management to comprehensive management involving multiple asset business packages, from operating a single project in one country to simultaneously operating several projects in various countries, which highlighted UEG’s strength and advantages and ensured its bright and promising future.

After fierce competition and screening, UEG was finally nominated and awarded the "The Listed Enterprise Excellence Awards 2018-Excellent Performance". The ceremony was held on November 29 2018 in Island Shangri-La Hong Kong, Pacific Place, Hong Kong SAR. Mr. Ernie Hung, Company Secretary, representing UEG was invited to receive the award.