The board of directors of The Hong Kong and China Gas Company Limited announced that Mr. Alfred Chan Wing-kin ("Mr. Chan") has informed the Company that he will retire as Managing Director of the Company with effect from the conclusion of the 2022 AGM. The Board also announced that Mr. Peter Wong Wai-yee ("Mr. Wong"), currently the Executive Director and Chief Operating Officer ­ Utilities Business of the Company, will be appointed as Deputy Managing Director and Executive Director of the Company with effect from 1st April 2021; and as the Managing Director and Executive Director of the Company upon Mr. Chan's retirement with effect from the conclusion of 2022 AGM. Mr. Peter Wong Wai-yee, joined the Group in 1997, initially as its Financial Controller. Since 2002, he has been deeply involved in the development of the Group's mainland utilities business, operating from its headquarters in Shenzhen, China. Mr. Wong was appointed to the Board in February 2013. Mr. Wong is currently the Executive Director and Chief Operating Officer ­ Utilities Business of the Company and also holds directorships in various subsidiaries of the Group. He is also an Executive Director and the Chief Executive Officer of Towngas China Company Limited.