Yuan Heng Gas : CHANGE OF AUDITOR

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.

YUAN HENG GAS HOLDINGS LIMITED ʩЖዷंછٰϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock Code: 332)

CHANGE OF AUDITOR

This announcement is made by Yuan Heng Gas Holdings Limited (the "Company" together with its subsidiaries, the "Group") pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board (the "Board") of directors (the "Directors") of the Company hereby announces that Deloitte Touche Tohmatsu ("Deloitte"), has resigned as the auditor of the Company with effect from 3 March 2021 as the Company and Deloitte could not reach a consensus on the audit fee for the financial year ending 31 March 2021.

Deloitte has confirmed in its letter of resignation dated 3 March 2021 that there are no matters in relation to its resignation that need to be brought to the attention of the shareholders (the "Shareholders") or creditors of the Company. The Board and the audit committee of the Board also confirmed that, save for the audit fee for the year ending 31 March 2021 as aforesaid, there is no disagreement between Deloitte and the Company, and there are no other matters in respect of the resignation of Deloitte that need to be brought to the attention of the Shareholders or creditors of the Company.

The Board would like to take this opportunity to express its appreciation and gratitude to Deloitte for its professional services provided to the Group in the past.

On the recommendation of the audit committee of the Company, the Board proposes to appoint SHINEWING (HK) CPA Limited ("SHINEWING") as the auditor of the Company to fill the casual vacancy occasioned by the resignation of Deloitte. Pursuant to the bye-laws of the Company, the appointment of the new auditor is subject to approval of the Shareholders at a special general meeting ("SGM") to be convened.

A circular containing, among other things, information in relation to the proposed appointment of SHINEWING, together with the notice of the SGM and a form of proxy, will be despatched to the Shareholders as soon as practicable.

By order of the Board

Yuan Heng Gas Holdings Limited

Wang Jianqing

Chairman and Chief Executive Officer

Hong Kong, 3 March 2021

As at the date of this announcement, the executive Directors are Mr. Wang Jianqing, Mr. Bao Jun and Mr. Zhou Jian; and the independent non-executive Directors are Dr. Leung Hoi Ming, Mr. Wong Chi Keung and Mr. Tom Xie.