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Verification Statement 115

Independence

Conclusion

HKQAA was not involved in collecting and calculating data, or in the

development of the Report. HKQAA’s activities are independent from

Towngas. There is no relationship between Towngas and HKQAA beyond

the contractual agreement for providing the verification service.

HKQAA confirms that the Report has been prepared in accordance with

the Core Option of the GRI G4 Sustainability Reporting Guidelines, the Oil

and Gas Sector Disclosures and the ESG Guide.

The information presented in the Report fulfills the principles for defining

report contents with respect to stakeholder inclusiveness, sustainability

context, materiality and completeness as well as the principles of report

quality in terms of accuracy, timeliness, comparability, clarity, reliability

and balance. The Report provides a truthful representation of Towngas

sustainability performance in 2016 covering its operations within

and outside Hong Kong. Towngas maintains a systematic materiality

assessment and stakeholder engagement process to identify the most

relevant and significant sustainability aspects for compiling the Report.

In conclusion, Towngas actively embraces its commitments to

communicate transparently with stakeholders. Through the disclosure of

this Report, Towngas responds timely to the needs and expectation of its

stakeholders.

Signed on behalf of Hong Kong Quality Assurance Agency

Connie Sham

Head of Audit

March 2017