The board of directors of China Overseas Land & Investment Limited announced the changes to the board and committees. Mr. Lam Kwong Siu ("Mr. Lam") has resigned as an independent non-executive director, the chairman of the Remuneration Committee, and a member of the Audit and Risk Management Committee and Nomination Committee of the company with effect from 27 June 2020 due to the reason of retirement. Chan Ka Keung, Ceajer has been appointed as an independent non-executive director, the chairman of the Remuneration Committee, and a member of the Audit and Risk Management Committee and Nomination Committee of the company with effect from 27 June 2020. Chan is the chairman of WeLab Bank Limited and senior advisor of WeLab Holdings Limited.