Asia Satellite Telecom : RE-DESIGNATION OF CHAIRMAN AND DEPUTY CHAIRMAN

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LIMITED 亞洲衛星控股有限公司*

(Incorporated in Bermuda with limited liability)

Stock Code: 1135

RE-DESIGNATION OF CHAIRMAN AND DEPUTY CHAIRMAN

The Board of Directors (the "Board") of Asia Satellite Telecommunications Holdings Limited (the "Company") announces the following re-designation of the Chairman and Deputy Chairman of the Company with effect from 1 January 2018:

• 1. Mr. Gregory M. ZELUCK will be re-designated from Deputy Chairman to Chairman of the Company; and

• 2. Mr. JU Wei Min will be re-designated from Chairman to Deputy Chairman of the Company.

By order of the Board

Sue Yeung Company Secretary

Hong Kong, 29 December 2017

As at the date of this announcement, the Board comprises 11 directors. The Executive Director is Mr. Andrew G. JORDAN. The Non-executive Directors are Mr. JU Wei Min (Chairman), Mr. Gregory M. ZELUCK (Deputy Chairman), Mr. LUO Ning, Mr. Peter JACKSON, Mr. Julius M. GENACHOWSKI and Mr. Herman CHANG Hsiuguo. The Independent Non-executive Directors are Mr. Marcel R. FENEZ, Mr. Stephen LEE Hoi Yin, Mr. Steven R. LEONARD and Ms. Maura WONG Hung Hung. The Alternate Director is Mr. CHONG Chi Yeung (alternate to Mr. LUO Ning).

* For identification purpose only