The board of directors of Zhongyu Gas Holdings Limited announced that Mr. Wang Wenliang, a joint managing Director, executive Director and chairman of the company, has tendered his resignation as a joint managing Director to the Board with effect from October 16, 2015. Mr. Wang will remain as an executive Director and chairman of the company after his resignation as a joint managing Director. Mr. Wang also informed the Board that a further reason for his resignation from such position is to allow him to have more time to focus on the strategic planning of the Group.

The Board also announced that Mr. Peng Wei has been appointed as an executive Director and a joint managing Director with effect from 16 October 2015. Mr. Peng served as the chairman of Taiping General Insurance Company Limited (2010), the chairman of Taiping Life Insurance Company Limited (2011), and the chairman of Taiping E-Commerce Company Limited (2013).