The board of AAG Energy Holdings Limited announced the following board composition changes, details of which are as follows: Dr. Stephen Xiangdong Zou has resigned as chairman of the Board and chairman of the nomination committee of the company but will remain as an executive Director of the Company. Mr. Ming Zaiyuan (‘Mr. Ming’), Mr. Yan Danhua (‘Mr. Yan’), Mr. Zhang Jianbing (‘Mr. Zhang’), Mr. Tai Kwok Leung Alexander (‘Mr. Tai’) and Dr. Liu Xiaofeng (‘Dr. Liu’) have been appointed as Directors of the company with effect from 24 August 2018. Mr. Ming has been appointed as an executive Director, chairman of the Board and chairman of the nomination committee of the Company. Mr. Ming has since January 2013 been chairman of the board of Xinjiang Xintai Natural Gas Co. Ltd. From June 2010 to December 2012, Mr. Ming was a director of Xinjiang Xintai Natural Gas Co. Ltd. Mr. Yan has been appointed as an executive Director of the Company. Mr. Yan has more than 10 years of strategic investment and operation management experience in the energy industry. He was responsible for managing the energy investment project in China AVIC Trust Co. Ltd. from 2016 to 2018. Mr. Zhang has been appointed as an executive Director of the Company. Mr. Zhang has worked in government departments and enterprises for over 35 years. Mr. Zhang has management experience in industrial economy, finance, safety production management and other perspectives. Since April 2015, Mr. Zhang has worked as the director of the general manager's office of Xinjiang Xintai Natural Gas Co. Ltd., the head of investment management department and the general manager's assistant of Xinjiang Xintai Natural Gas Co. Ltd., respectively. Mr. Tai has been appointed as an independent non-executive Director of the Company. Mr. Tai is currently a partner and officer in charge of corporate finance department of VMS Securities Limited. Mr. Tai currently also serves as an independent non-executive director of Luk Fook Holdings (International) Limited, Anhui Conch Cement Company Limited, Jiayuan International Group Limited and G&M Holdings Limited and Shengjing Bank Co. Ltd. Dr. Liu has been appointed as an independent non-executive Director of the Company. Dr. Liu currently serves as an independent non-executive director of Kunlun Energy Company Limited since 2004, Honghua Group Limited since 2008, Cinda International Holdings Limited since 2016, and Sunfonda Group Holdings Limited since 2017. Mr. Peter Randall Kagan (‘Mr. Kagan’) has resigned as a non-executive Director of the Company with effect from 25 August 2018 due to his other work commitments. Mr. Zhen Wei (‘Mr. Wei’) has resigned as a non-executive Director of the Company with effect from 25 August 2018 due to his other work commitments. Mr. Gordon Sun Kan Shaw (‘Mr. Shaw’) has resigned as a non-executive Director of the Company and a member of the audit committee of the Company with effect from 25 August 2018 due to his other work commitments. As he has resigned as a non-executive Director of the Company, he has also resigned as authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 25 August 2018. Mr. Wu Yaowen (‘Mr. Wu’) has resigned as an independent non-executive Director of the Company and a member of the nomination committee of the Company with effect from 24 August 2018 due to health issues. Ms. Lai Siu Kuen (‘Ms. Lai’) has resigned as the joint company secretary of the Company and the Authorised Representative with effect from 24 August 2018. Following the resignation of Ms. Lai, Ms. Lin Yang (‘Ms. Lin’) will act as the sole company secretary of the Company and was appointed as the Authorised Representative with effect from 24 August 2018. Since Ms. Lin's appointment as a joint company secretary of the Company, Ms. Lin has discharged her duties as a joint company secretary of the Company with the assistance of Ms. Lai and has acquired the relevant experience required under Rule 3.28 of the Listing Rules during the waiver period. The Company applied for and the Stock Exchange approved on 29 June 2018 agreeing that Ms. Lin is qualified to act as the company secretary of the Company under Rule 3.28 of the Listing Rules. Mr. Shaw has resigned as Authorised Representative with effect from 25 August 2018 and Mr. Zhang has been appointed as Authorised Representative to replace Mr. Shaw with effect from 25 August 2018. With effect from 24 August 2018, Dr. Stephen Xiangdong Zou ceased to be chairman of the Board and chairman of the nomination committee of the Company, and Mr. Wu ceased to be a member of the nomination committee and new business committee of the Company. With effect from 25 August 2018, Mr. Shaw ceased to be a member of the audit committee of the Company. With effect from 24 August 2018, Mr. Ming has been appointed as chairman of the Board and chairman of the nomination committee of the Company, and Mr. Tai has been appointed as a member of each of the remuneration committee and audit committee of the Company and Dr. Liu has been appointed as a member of each of the remuneration committee, nomination committee and audit committee of the Company.