The board of directors of The Hong Kong and China Gas Company Limited announces that the Board has been informed by Dr. Lee Shau-kee, the Chairman of the company that he, being advanced in age, is considering to step down from the position of Chairman of the company after the conclusion of the forthcoming annual general meeting and to propose to the Board to appoint Dr. Lee Ka-kit and Mr. Lee Ka-shing as Joint Chairmen. Details of his decision and future arrangements will be announced at the annual general meeting to be held on 28th May 2019.

The Board proposed to make certain amendments to the Articles of Association of the company to facilitate a joint chairmanship structure of the Board. A special resolution will be proposed to amend the Articles to include provisions for Joint Chairman of the Board and the chairing of Board meetings and general meetings when at any time there are Joint Chairmen. The Resolution is subject to shareholders' approval at the annual general meeting of the company to be held on 28th May 2019.