Following regulatory approval, the Board of Directors of BOC Hong Kong (Holdings) Limited announced that Professor MA Si Hang Frederick has been appointed as Independent Non-executive Director and a member of each of Nomination and Remuneration Committee, Strategy and Budget Committee as well as Sustainability Committee of the Company and its principal operating subsidiary, Bank of China (Hong Kong) Limited (the "Bank") with effect from 20 October 2023. Professor MA Si Hang Frederick, GBS, JP, aged 71. He is currently chairman and independent non-executive director of FWD Group Holdings Limited, an independent non-executive director of COSCO Shipping Holdings Co.

Ltd. (listed on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange")), an independent non-executive director of HH&L Acquisition Co. (listed on New York Stock Exchange) and a non-executive director of Unicorn II Holdings Limited (a company privatised and delisted from New York Stock Exchange in January 2022), a member of the Chief Executive's Council of Advisers, a member of the International Advisory Council of Investcorp and a member of the International Advisory Council of China Investment Corporation. Professor MA held directorships in several listed companies in the past, including independent non-executive director of Guangshen Railway Company Limited (listed on Shanghai Stock Exchange and Hong Kong Stock Exchange), independent non-executive director of Husky Energy Inc. (listed on Toronto Stock Exchange), independent non-executive director of the Agricultural Bank of China (listed on Hong Kong Stock Exchange), chairman and non-executive director of MTR Corporation Limited (listed on Hong Kong Stock Exchange) and an independent non-executive director of China Resources Land Limited (listed on Hong Kong Stock Exchange).

Professor MA previously served as the managing director of UK branch of RBC Dominion Securities Inc., the deputy chairman and managing director of Kumagai Gumi Co. Ltd, the managing director and Asia-Pacific Area Director of Global Private Bank of Chase Manhattan Bank, the Asia-Pacific Chief Executive of JP Morgan Private Bank, the Chief Financial Officer and Executive Director of PCCW Limited, the Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, the Secretary for Commerce and Economic Development of the Government of the Hong Kong Special Administrative Region. Professor MA graduated with a Bachelor of Arts (Honours) degree from the University of Hong Kong majoring in economics and history.