PDF《中国燃气控股有限公司*》

18 December

2010 for suspected "embezzlement of assets of an organisation in which they have duties" (职务侵占罪). The Company has been advised by the PRC Legal Counsel that, according to PRC law, such offence may be committed by any person who misapprorpirates the assets of an organisation by virtue of abusing his position held in that organisation. However, so far as the Board is aware, the Company has not filed any report or complaint with government authorities in the PRC against Mr. Liu or Mr. Huang, nor have any records or files of the Group have been confiscated and none of the members of the Group have been investigated or notified of any investigation by any governmental authorities in the PRC in relation to such matter. Since the Shenzhen PSB has not permitted the PRC Legal Counsel to make contact with Mr. Liu or Mr. Huang, the Company is unable to obtain further information directly from Mr. Liu or Mr. Huang about the Incident. The Company will continue to make necessary enquiries regarding the Incident and will make a further announcement in accordance with the Listing Rules as and when there is any relevant update or development. Since receipt of the further information about the Incident as described above, the Company has conducted a preliminary internal review of its recent cash and funds position and no indications of any irregularities involving recent material movement of cash or funds have been brought to the attention of the Company. The net proceeds received by the Company from the placings described in the announcement made by the Company on

25 October

2010 have not yet been utilized and are currently being held in the Company's bank accounts in Hong Kong. In addition to the preliminary internal review, the Company has retained and instructed a reputable international accounting firm to carry out an independent financial review to assess (i) the status of the Company's cash position based on its most-up-to-date management accounts and bank statements;

and (ii) the Company's key internal controls procedures. Notwithstanding the above, the Company wishes to reiterate that the business activities of the Group have been conducted as usual. At the request of the Company, trading in the Shares has been suspended with effect from 9:30 a.m. on

20 December

2010 pending the release of a further announcement on the Incident. Trading in the Shares in the Company will remain suspended until further notice. By the order of the Board of China Gas Holdings Limited Li Xiao Yun Chairman Hong Kong,

4 January

2011 * for identification purpose only As of the date of this announcement, Mr. Li Xiao Yun, Mr. Xu Ying, Mr. Liu Ming Hui, Mr. Leung Wing Cheong, Eric, Mr. Ma Jin Long and Mr. Zhu Wei Wei are the executive Directors, Mr. Feng Zhuo Zhi, Mr. Joe Yamagata, Mr. R.K. Goel, Mr. Moon Duk Kyu and Mr. Mulham Al Jarf are the non-executive Directors, and Mr. Zhao Yu Hua, Dr. Mao Er Wan and Ms. Wong Sin Yue, Cynthia are the independent non-executive Directors.