09:49     CHI PEOPLE GAS<00681> - Announcement (4)                            

    Central and Public Welfare Department (*), the Government                 
    Offices Administration and the Press Department. Mr. Liu has              
    over 14 years experience in operational management, of which              
    over 10 years involving in top management for big enterprises.            
    Mr. Liu has substantial experience in the operational management          
    of real estate development, project management, tourism, sales            
    and marketing, import and export trade, industry, investment              
    and media.                                                                
                                                                              
    Mr. Jin Song, aged 33, has been appointed as an executive Director        
    and the Deputy General Manager of the Company. Mr. Jin holds              
    a Bachelor degree in Computer Science from Tianjin University             
    of Technology and a MBA degree from Oklahoma City University.             
    He had engaged in marketing and project management for Shenzhen           
    Huawei Technologies Co. Ltd., and had worked for years in                 
    investment banking business for Guangzhou Security Company                
    Limited and Huatai Securities Co. Ltd. He is currently a director         
    and a Vice President of Beijing Zhong Min Gas Co., Ltd. and is            
    responsible for the investment and merger and acquisition                 
    businesses. Mr. Jin has substantial experience in investment              
    banking as well as merging and acquisition of gas enterprises             
    in the PRC.                                                               
                                                                              
    Mr. Liu Junmin, aged 55, has been appointed as an independent             
    non-executive Director. Mr. Liu holds a Bachelor degree, a Master         
    degree and a PhD degree in Economics from Nankai University.              
    He is currently Professor of the School of Economics of Nankai            
    University, a Director of the Virtual Economics & Management              
    Research Center of Nankai University, the President of the                
    Tianjin Branch of China Foreign Economics Research Association            
    (*), a member of the Tianjin Academic Degree                              
    Committee as well as Independent Director of Tianjin Faw Xiali            
    Automobile Co. Ltd. Mr. Liu was awarded the "Sun Yefang Economics         
    Prize."                                                                   
                                                                              
    Mr. Tan Qinglian, aged 67, has been appointed as an independent           
    non-executive Director. Mr. Tan is the Member of the 10th                 
    National Committee of the Chinese People's Political                      
    Consultative Conference and President of China Civil Engineering          
    Society. He was once the Vice Minister of the Ministry of                 
    Construction of the People's Republic of China.                           
                                                                              
    Save as disclosed above, Mr. Xu Ruixin, Mr. Liu Jing, Mr. Jin             
    Song, Mr. Liu Junmin and Mr. Tan Qinglian do not have any                 
    relationship with any directors, senior management, substantial           
    or controlling shareholders (as defined in the Listing Rules)             
    of the Company or any interest in the Shares within the meaning           
    of Part XV of the SFO. Save as disclosed above, each of the above         
    Directors did not hold any directorship in other listed companies         
    in the last three years.                                                  
                                                                              
    No service contract has been entered into between the Company             
    and each of Mr. Xu Ruixin, Mr. Liu Jing, Mr. Jin Song, Mr. Liu            
    Junmin and Mr. Tan Qinglian. Pursuant to the Bye-laws of the              
    Company, Mr. Xu Ruixin, Mr. Liu Jing, Mr. Jin Song, Mr. Liu Junmin        
    and Mr. Tan Qinglian will hold office and will be subject to              
    rotation requirements as other Directors. Mr. Liu Jing, Mr. Jin           
    Song and Mr. Liu Junmin will be entitled to an annual salary              
    of HK$390,000, HK$130,000 and HK$130,000, respectively. At the            
    discretion of the Board, Mr. Xu Ruixin, Mr. Liu Jing, Mr. Jin             
    Song, Mr. Liu Junmin and Mr. Tan Qinglian will also be entitled           
    to annual discretionary bonus and share options under employee            
    share option scheme of the Company with reference to their scope          
    of duties and responsibilities with the Company and the Company's         
    performance and profitability.                                            
                                                                              
    Save as disclosed above, there are no other matters in relation           
    to the above appointment that the Board consider