The board (the "Board") of directors (the "Director(s)") of Perennial Energy Holdings Limited (the "Company" together with its subsidiaries, the "Group") announces that Mr. Li Xuezhong will be appointed as the Chief Operating Officer of the Company with effect from 1 April 2019; Mr. Lam Chik Shun, Marcus will be appointed as the Chief Strategy Officer of the Company with effect from 1 April 2019; Ms. Fung Yee Man has resigned as the Company Secretary and ceased to act as an authorised representative and process agent of the Company with effect from 28 March 2019; and Mr. Chan Kwong Leung, Eric has been appointed as the Company Secretary and one of the authorised representatives and process agent of the Company with effect from 28 March 2019. Mr. Li has been an executive Director of the Company since March 2018 and is responsible for investor relations of the Group. Mr. Lam joined the Group in 2017 and was appointed as executive Director of the Company in March 2018. He is a member of the remuneration committee and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules (the "Authorised Representative"). Mr. Chan is an associate of both The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators in United Kingdom. He has over 20 years of experience in company secretarial practices.