The board of directors of Kunlun Energy Company Limited announced that Mr. Ling Xiao has resigned as Executive Director, the chairman of the Board and authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") due to the reason of his other work engagements; and Mr. Zhao Yongqi ("Mr. Zhao") has resigned as Executive Director, Chief Executive Officer and authorised representative of the Company under Rule 3.05 of the Listing Rules due to him having reached his age of retirement; both with effect from 19 November 2020. The Board announced that, pursuant to a resolution of the directors passed at a meeting of the Board on 19 November 2020 and with effect from 19 November 2020, (i) Mr. Fu Bin ("Mr. Fu") has been appointed as Executive Director, the Chairman and the authorised representative of the Company under Rule 3.05 of the Listing Rules; and (ii) Mr. Qian Zhijia ("Mr. Qian") has been appointed as Executive Director and the Chief Executive Officer as well as the authorised representative of the Company under Rule 3.05 of the Listing Rules. Mr. Fu Bin, aged 55, is currently executive director of PetroChina Natural Gas Marketing Company, president of PetroChina Natural Gas and Pipelines Company, and executive director and president of China Petroleum Hong Kong (Holding) Limited. Mr. Qian Zhijia, aged 54, is currently vice president of the Company and president of PetroChina Natural Gas Marketing Company. Following the change of directorship as disclosed above, with effect from 19 November 2020, Mr. Ling has ceased to be the chairman and a member of the Nomination Committee of the Company, and Mr. Fu has been appointed as the chairman and a member of the Nomination Committee of the Company.