ENN Energy Holdings Limited announced that Mr. JIN Yongsheng has resigned as a non-executive director of the company due to re-designation of duties, and upon his resignation, he has also ceased to act as a member of remuneration committee and nomination committee. Mr. JIN has confirmed that he has no disagreement with the board and there is no further information in relation to his resignation that needs to be brought to the attention of the shareholders of the company. Mr. Sean S J WANG has been appointed as the executive director, chief executive officer and a member of risk management committee.

Mr. WANG held the positions of president and chief operating officer of Hurray! Holding Limited and acted as a non-executive director of China Advanced Construction Materials Group Inc. Mr. WANG acted as an executive director and chief financial officer of SOHO China Limited during the period from June 2008 to May 2010 and as an executive director and chief financial officer of China Huarong Energy Company Limited during the period from October 2010 to October 2016. Mr. WANG Dongzhi, an executive director, has resigned as a member of risk management committee of the company due to re-designation of duties.

Mr. CHEUNG Yip Sang, an executive director and vice chairman of the company, has been appointed as a member of remuneration committee and nomination committee. Mr. CHEUNG joined the Group in 1998, he was appointed as an executive director on 10 April 2002 and chief executive officer on 31 March 2010. Subsequently, on 24 March 2014, Mr. CHEUNG was appointed as the Vice Chairman of the company and has resigned from the position as the chief executive officer of the company on the same day to assist the Chairman for overseeing the Group's overall strategic planning and providing leadership for and overseeing the functioning of the Board.

Mr. CHEUNG has extensive experience in corporate governance and the market integration in the public utilities sector. He is also a chairman of risk management committee of the company. The board of directors of the company announced these changes with effect from 21 March 2017.