The board of directors of Zhongyu Gas Holdings Limited has announced that Mr. Peng Wei, a joint managing Director and executive Director, has tendered his resignation as a joint managing Director and executive Director to the Board with effect from 1 October 2016 due to his other business commitments. Mr. Peng has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as a joint managing Director and executive Director that needs to be brought to the attention of the shareholders of the company. Following the resignation of Mr. Peng, the title of Mr. Lui Siu Keung, an executive Director, will be changed from Joint Managing Director to Chief Executive Officer.