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Key Petroleum Limited (ASX:KEY)

ALERT: Price-sensitive ASX Announcement for KEY
Current share price for KEY : $0.125 0.067 (115.52%)+
Announcement
Release
7 Jan 2026 2:27PM
Price at Release
$0.058
Full Release
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Summary
Key Petroleum Limited announced the appointment of Mr. Jujun Zhang as the Executive Director, Chief Executive Officer, and Vice Chairman effective from January 6, 2026. Mr. Zhang, a national of the People's Republic of China, brings over 20 years of experience in the new energy power generation sector, focusing on power generation technologies and their commercial applications. His role will primarily involve strategic development, investment matters, and business development initiatives. The existing Managing Director will maintain responsibility for the day-to-day management of the company. Mr. Zhang's remuneration is set at $36,000 per annum, exclusive of superannuation, with a notice period of two months required from either party for termination.
Key Points
  • Appointment of Mr. Jujun Zhang as Executive Director, CEO, and Vice Chairman.
  • Effective date of appointment is January 6, 2026.
  • Mr. Zhang has over 20 years of experience in new energy power generation.
  • Focus areas include strategic development and business development initiatives.
  • The current Managing Director retains responsibility for day-to-day operations.
  • Mr. Zhang's remuneration is $36,000 per annum, excluding superannuation.
  • Notice period for termination is two months or payment in lieu.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.