The board of directors of Towngas China Company Limited announced that Ms. Law Wai Fun, Margaret will resign from her office as an Executive Director of the company with effect from 1 January 2013 upon her retirement. Ms. Law has confirmed that she has no disagreement with the Board and that there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the company. The Board also announced that Mr. Kwan Yuk Choi, James will retire from his office as an Executive Director of the company and will be re-designated as a Non-Executive Director of the company with effect from 1 February 2013.

Mr. Kwan aged 61, has been an Executive Director of the company since 1 March 2007. Mr. Kwan is currently an executive director and the chief operating officer of The Hong Kong and China Gas Company Limited but will be resigning from such directorship upon his retirement on 1 February 2013.