The board of directors of China Overseas Land & Investment Ltd. announced that Dr. Wong Ying Ho, Kennedy, BBS, J.P. has tendered his resignation as an independent non-executive director of the company with effect from 3 August 2015. Accordingly, he has also ceased to be the chairman and a member of the Remuneration Committee, and a member of each of the Audit Committee and Nomination Committee of the company. The company also announced that upon recommendation by the Nomination Committee, Mr. Lam Kwong Siu an independent non-executive director of the Company, has been appointed as the chairman of the Remuneration Committee of the company with effect from 3 August 2015 to fill the vacancy caused by Dr. Wong.

Mr. Lam will then serve as the chairman of the Remuneration Committee and remain a member of each of the Audit Committee, Nomination Committee and Remuneration Committee of the company. Lam joined the company as an independent non-executive director of the company on 30 September 2003 and has served the Company for about 11 years. Mr. Lam is also a member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the company and has been appointed as chairman of the Remuneration Committee of the company on 3 August 2015.