We are principally engaged in the trading of oil related products, which can be broadly categorized into (i) crude oil and (ii) oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha (heavy gasoline). We trade our products across multiple countries in Southeast Asia and East Asia, and we have established a presence in the oil trading markets in these countries. Crude oil trading represents a core aspect of our business as it accounts for a significant portion of our revenue.
We typically enter into back-to-back agreements with our suppliers after our customer has agreed on the terms of the purchase so as to reduce our exposure and trading risks. We may also enter into swap agreements or trade in oil and oil-based products derivatives to further hedge our positions.
We leverage on our strong existing relationships with our customers and suppliers as well as our deep experience and understanding of the oil industry to provide certain value-added services to our customers. This includes recommending to our customers optimal trading strategies tailored to their specific needs, and providing shipping and logistical support where required. In addition, our financing capabilities allow us to extend credit terms to our customers while satisfying the immediate payment terms required by our suppliers.
Dongjian Xie
Executive Chairman, Chief Executive Officer and Executive Director
Mr. Xie is our Executive Chairman, Chief Executive Officer and Executive Director. Mr. Xie is responsible for overseeing all aspects of our Group’s operations, strategic planning and formulation of corporate strategies. Mr. Xie was appointed as a director of Delixy Energy Pte. Ltd. on September 10, 2007, and as the chief executive officer on June 22, 2020. Since the incorporation of our Company, Mr. Xie has been our Executive Chairman, Chief Executive Officer and Executive Director. He is currently a director of all the subsidiaries of our Group. Mr. Xie has over 30 years of experience in the energy market. He began his career as a trader in crude oil trading and processing in Sinochem Head office (Beijing) in 1990. 4 years thereafter, in 1994, he was promoted to department manager in crude and product trading at Sinochem America Holdings & Sinochem International Oil (Bahamas). In 1998, he transferred back to Sinochem Head Office (Beijing) and continued working as department manager in crude & feedstocks trading. In 2000, he was reassigned to Sinochem Japan to work as the department manager in crude & product trading. Prior to joining our Group in September 2007, Mr. Xie was working as the section chief at Nissho Iwai Corporation (or otherwise known as Sojitz Corporation), a listed company on the Tokyo Stock Exchange between 2002 to 2007. Mr. Xie completed his bachelor’s degree in international business at the University of International Business & Economics in Beijing in 1990.
Yen Chong Yin Lai
Chief Financial Officer
Ms. Yen has been serving as our Chief Financial Officer since December 2025. Ms. Yen has over 15 years of experience in accounting, financial management, and corporate finance. She most recently served as Chief Financial Officer of SBS Logistics Singapore Pte Ltd from April 2021 to May 2025, where she led regional finance operations including budgeting, forecasting, financial reporting, audit and tax compliance, risk management, and internal controls across multiple subsidiaries. Prior to that, she held progressively senior finance and accounting roles at SBS Logistics Singapore Pte Ltd and its holding company, as well as at Cargotec CHS Asia Pacific Pte Ltd. Ms. Yen holds a Bachelor of Arts with Honors in Business and Finance from Coventry University.
Yuan Yao
Chief Operating Officer and Executive Director
Ms. Yao is our Chief Operating Officer and Executive Director. Ms. Yao has been our chief operating officer since 2009 and our director since December 2025, and is responsible for the overall implementation of our business strategies and operation of our Company. Prior to joining our Group, between February 2008 to March 2009, Ms. Yao served as the trader/feedstock team leader at Dezhou Huatai Petroleum Co., Ltd. She was largely responsible for spearheading, strategizing and managing the company’s straight run fuel oil, light oil (including naphtha and kerosene), and crude oil business for its own crude distillation unit and vacuum distillation unit; as well as the trading in oil products in Shandong and in other areas within the PRC. From July 2005 to February 2008, Ms. Yao was the marketing manager in oil and petroleum trading at Beijing Yalian Jiye Petro-Chemical Co., Ltd. As the marketing manager, she was responsible for the purchase and sale of residual and fuel oil in the northern part of the PRC to maintain the balance in its supply and demand; the residual feedstock procurement for refineries in Shandong and Hebei of the PRC. From September 2003 to July 2005, Ms. Yao was an operation assistant at Beijing Jingshi Ninwei Trading Co., Ltd, whereby she was responsible for planning and managing the fuel oil and middle distillates operations of the company for domestic trading; the fuel oil blending operation; the general shipping and storage operations for crude and products; and contracting administration for importing oil products. Ms. Yao completed her bachelor’s degree in English at the Beijing Foreign Studies University in 2003.
| Name | Role |
| Dongjian Xie | Executive Chairman, Chief Executive Officer and Executive Director |
| Yuan Yao | Chief Operating Officer and Executive Director |
| Jinxiao Wang | Independent Director |
| Changkun Ye | Independent Director |
| Chunming Zhang | Independent Director |
Dongjian Xie
Executive Chairman, Chief Executive Officer and Executive Director
Mr. Xie is our Executive Chairman, Chief Executive Officer and Executive Director. Mr. Xie is responsible for overseeing all aspects of our Group’s operations, strategic planning and formulation of corporate strategies. Mr. Xie was appointed as a director of Delixy Energy Pte. Ltd. on September 10, 2007, and as the chief executive officer on June 22, 2020. Since the incorporation of our Company, Mr. Xie has been our Executive Chairman, Chief Executive Officer and Executive Director. He is currently a director of all the subsidiaries of our Group. Mr. Xie has over 30 years of experience in the energy market. He began his career as a trader in crude oil trading and processing in Sinochem Head office (Beijing) in 1990. 4 years thereafter, in 1994, he was promoted to department manager in crude and product trading at Sinochem America Holdings & Sinochem International Oil (Bahamas). In 1998, he transferred back to Sinochem Head Office (Beijing) and continued working as department manager in crude & feedstocks trading. In 2000, he was reassigned to Sinochem Japan to work as the department manager in crude & product trading. Prior to joining our Group in September 2007, Mr. Xie was working as the section chief at Nissho Iwai Corporation (or otherwise known as Sojitz Corporation), a listed company on the Tokyo Stock Exchange between 2002 to 2007. Mr. Xie completed his bachelor’s degree in international business at the University of International Business & Economics in Beijing in 1990.
Yuan Yao
Chief Operating Officer and Executive Director
Ms. Yao is our Chief Operating Officer and Executive Director. Ms. Yao has been our chief operating officer since 2009 and our director since December 2025, and is responsible for the overall implementation of our business strategies and operation of our Company. Prior to joining our Group, between February 2008 to March 2009, Ms. Yao served as the trader/feedstock team leader at Dezhou Huatai Petroleum Co., Ltd. She was largely responsible for spearheading, strategizing and managing the company’s straight run fuel oil, light oil (including naphtha and kerosene), and crude oil business for its own crude distillation unit and vacuum distillation unit; as well as the trading in oil products in Shandong and in other areas within the PRC. From July 2005 to February 2008, Ms. Yao was the marketing manager in oil and petroleum trading at Beijing Yalian Jiye Petro-Chemical Co., Ltd. As the marketing manager, she was responsible for the purchase and sale of residual and fuel oil in the northern part of the PRC to maintain the balance in its supply and demand; the residual feedstock procurement for refineries in Shandong and Hebei of the PRC. From September 2003 to July 2005, Ms. Yao was an operation assistant at Beijing Jingshi Ninwei Trading Co., Ltd, whereby she was responsible for planning and managing the fuel oil and middle distillates operations of the company for domestic trading; the fuel oil blending operation; the general shipping and storage operations for crude and products; and contracting administration for importing oil products. Ms. Yao completed her bachelor’s degree in English at the Beijing Foreign Studies University in 2003.
Jinxiao Wang
Independent Director
Mr. Wang has been serving as an independent director since July 2025. Mr. Wang serves as chairman of the audit committee and nominating committee, and as a member of the compensation committee. Since May 2005, Mr. Wang has been serving as a director of Beijing Harrow Education Service Co., Ltd., where he is responsible financing, budgeting, cost control. The company owns 100% share of Harrow International School Beijing. Mr. Wang is also currently the chairman of Beijing HongJiFeng Innovation Culture Development Co., Ltd., and has been serving this role since August 2000. Between August 1995 to July 2000, Mr. Wang served as a director of Beijing Jixinhangxiu Development Co., Ltd. Prior to that, between April 1993 to July 1995, Mr. Wang was the Deputy GM of Financial Department of Sinochem International Petroleum Co., Ltd. From October 1989 to March 1993, Mr. Wang was the financial manager of Sinochem American Holding Company. From May 1988 to September 1989, he was the assistant to general manager of the accounting department at Sinochem Headquarters. From July 1985 to April 1988, Mr. Wang began his career has the lecturer of the accounting department of Beijing Technology and Business University, his alma mater. Mr. Wang graduated with a Bachelor’s Degree in Financial Accounting from Beijing Technology and Business University in 1985, and obtained his postgraduate study of International Finance from the University of International Business and Economics in 2000.
Changkun Ye
Independent Director
Mr. Ye has been serving as an independent director since July 2026.
Mr. Ye has over ten years of professional experience in quality management, production operations, and team management, with a composite background spanning both the education and manufacturing sectors. Since May 2026, Mr. Ye has been employed by Foxconn Technology Group as an Assistant Supervisor, where he supports the Department Supervisor in day-to-day department operations and management. From 2012 to 2025, Mr. Ye worked at Dongtao Machinery (Beijing) Co., Ltd. (Beijing TOTO), where he served as Quality Supervisor, responsible for product quality management and quality control system development. From 2002 to 2010, Mr. Ye served as a substitute teacher at Guotun United School in Yanggu County, Shandong Province, engaging in foundational education instruction.
Mr. Ye graduated from Tai'an Normal College (now Taishan University) in 2002, and subsequently obtained a bachelor's degree through continuing education.
Chunming Zhang
Independent Director
Mr. Zhang has been serving as an independent director since July 2026.
Mr. Zhang has nearly ten years of professional experience in corporate governance, risk management, and compliance, and is also adept at providing investment and financing advisory services and top-level corporate structural design. Since 2023, Mr. Zhang has served as Co-Founder and Managing Director of Hainan Alaya Investment Co., Ltd. Since 2025, he has concurrently served as Co-Founder of Hangzhou Little Crocodile Information Technology Co., Ltd. From 2016 to 2018, Mr. Zhang served in the Risk Management Department of Ping An Insurance (Group) Company of China. From 2013 to 2016, he served in the Risk Management Department of Xinye Technology (FinVolution Group). Prior to his current entrepreneurial roles, Mr. Zhang provided consulting services to multiple enterprises across a range of industries.
Mr. Zhang obtained a Master of Business Administration (MBA) degree from Shanghai University of Finance and Economics in 2016, and a Bachelor's degree in Industrial Engineering from Shaanxi University of Science and Technology in 2013.
