Henderson Land Development Company Limited announced that the Board has been informed by Dr. Lee Shau Kee, the Chairman and Managing Director of the company that he, being advanced in age, is considering to step down from the position of Chairman and Managing Director after the conclusion of the forthcoming annual general meeting and to propose to the Board to appoint Dr. Lee Ka Kit and Mr. Lee Ka Shing as Joint chairman and Managing Directors, and he shall remain as a Director of the company to continue his service.