The board of directors of Union Gas Holdings Limited announced that Ms. Alexis Teo Soak Theng ("Ms Alexis Teo") shall be retiring as Director of the Company at the conclusion of the forthcoming annual general meeting of the company to be held on 25 April 2019. Ms. Alexis Teo, while eligible, is not seeking re-election as Director of company at the 2019 AGM. Ms. Alexis Teo will also be retiring as Chief Executive Officer of the company on conclusion of the 2019 AGM and will also cease to be a director of the company's various subsidiaries.

She will continue to serve as advisor to the Board and management until 13 May 2019. Following Ms Alexis Teo's retirement, Mr. Teo Hark Piang ("Mr HP Teo"), who currently holds the appointment of Executive Director and Director of Sales (Commercial and Industrial), will assume the position of CEO at the conclusion of the 2019 AGM. The board has reviewed and is satisfied that Mr. HP Teo is qualified to assume the position of CEO, having considered his qualifications, experience, and contributions to the Group.

Mr. HP Teo has been instrumental in driving the Group's business strategy since January 2019.