The board of directors of Kunlun Energy Company Limited announced that, with effect from 12 January 2018, Mr. Huang Weihe has resigned as executive Director and as the chairman of the Board; Mr. Wu Enlai has resigned as executive Director; Mr. Ding Shilu has resigned as executive Director; and Mr. Zhang Yaoming has resigned as executive Director. Mr. Huang, Mr. Ding and Mr. Zhang have resigned due to them having reached their respective age of retirement. Mr. Wu has resigned as executive director due to work-related reasons. The Board announced that, pursuant to a resolution of the directors passed at a meeting of the Board on 12 January 2018 and with effect from 12 January 2018, Mr. Ling Xiao has been appointed as executive Director and the Chairman; and each of Mr. Zhou Yuanhong and Mr. Miao Yong has been appointed as executive Director. Following the change of directorship as disclosed above, with effect from 12 January 2018, Mr. Huang has ceased to be the chairman and a member of the Nomination Committee of the Company, and Mr. Ling has been appointed as the chairman and a member of the Nomination Committee of the Company.