JY GAS LIMITED — Board/Management Information 2018

Mar 27, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [341 x 96] intentionally omitted <==

(Stock code: 603)

RETIREMENT OF DIRECTORS

The board (the “ Board ”) of directors (the “ Directors ”) of China Oil And Gas Group Limited (the “ Company ”) hereby announces that Mr. Zhu Yuan (“ Mr. Zhu ”) and Mr. Cheung Shing (“ Mr. Cheung ”), executive Directors, will retire from office by rotation pursuant to bye-law 87(1) of the bye-laws of the Company. Mr. Zhu and Mr. Cheung confirmed that they will not offer themselves for re-election at the annual general meeting of the Company to be held on Tuesday, 12 June 2018 as Mr. Zhu and Mr. Cheung would like to spend more time pursuing their own business.

Each of Mr. Zhu and Mr. Cheung confirmed that, he has no disagreement with the Board and there is no other matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board would like to extend its appreciation to Mr. Zhu and Mr. Cheung for their valuable contributions during their tenure of office in the Company.

By Order of the Board China Oil And Gas Group Limited Chan Yuen Ying, Stella Company Secretary

Hong Kong, 27 March 2018

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Xu Tie-liang (Chairman and Chief Executive Officer), Mr. Zhu Yuan, Ms. Guan Yijun and Mr. Cheung Shing; and three independent non-executive Directors, namely Mr. Li Yunlong, Mr. Wang Guangtian and Mr Yang Jie.

* for identification purposes only