Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

RESIGNATION OF DIRECTOR

The board of directors (the "Board") of Power Assets Holdings Limited (the "Company") hereby announces that Mr. Frank John SIXT has tendered his resignation as a Non-executive Director of the Company with effect from 1 January 2017 to devote more time to his other commitments. Mr. Sixt has confirmed that he has no disagreement with the Board and does not have any matters in relation to his resignation that should be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere appreciation and gratitude to Mr. Sixt for his invaluable contributions to the Company over the years.

By Order of the Board

Alex Ng

Company Secretary

Hong Kong, 16 December 2016

As at the date of this announcement, the directors of the Company are:

Executive directors

:

Mr. FOK Kin Ning, Canning (Chairman), Mr. TSAI Chao Chung, Charles (Chief Executive Officer), Mr. CHAN Loi Shun, Mr. Andrew John HUNTER, Mr. Neil Douglas MCGEE and Mr. WAN Chi Tin

Non-executive directors

:

Mr. LI Tzar Kuoi, Victor and Mr. Frank John SIXT

Independent non-executive directors

:

Mr. IP Yuk-keung, Albert, Mr. Ralph Raymond SHEA, Mr. WONG Chung Hin and Mr. WU Ting Yuk, Anthony

Power Assets Holdings Limited published this content on 16 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 December 2016 09:28:07 UTC.

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