The board of directors of JiaXing Gas Group Co., Ltd. announced that Mr. He Yujian has tendered his resignation as a non-executive Director with effect from the conclusion of the forthcoming annual general meeting of the Company in order to spend more time on his personal affairs. Mr. He shall, at the same time, also resign as the member of the remuneration committee of the Company. The Board announced that in order to fill the vacancy following the resignation of Mr. He as a non-executive Director, Mr. Xu Jiong has been nominated by the nomination committee of the Company and the Board as a candidate for the position of non-executive Director and a member of the remuneration committee of the Company.

The election of Mr. Xu will be proposed at the AGM for the Shareholders to consider and, if thought fit, approve the election.