The board of directors of ENN Energy Holdings Limited announced that Mr. LIU Min has tendered his resignation from the position as an executive director and President of the Company, and hence ceased to act as a member of the risk management committee with effect from 4 December 2019 due to his family reason. Mr. LIU has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. ZHANG Yuying has been appointed as an executive director and President of the Company, and a member of the risk management committee on the same date. Mr. ZHANG will be responsible for daily operations and management, reviewing the execution of strategic plans and their adjustment, and ensuring the achievement of the Group's targets. Mr. ZHANG is currently the Chief Strategy Officer of the Company and director of certain subsidiaries of the Company. He assists Executive Chairman, Chief Executive Officer and President of the Company to ensure the execution and achievement of strategies and smart operation of the Group, especially on the strategic execution of integrated energy business. Prior to joining the Group, he worked in Kaifeng Electromechanical Group and Henan Tongli Electrical Appliances Group. Mr. ZHANG has been appointed for a term of three years with effect from 4 December 2019. The appointment is subject to retirement by rotation and re-election at the general meetings in accordance with the articles of association of the Company.