The Board of Directors of MCB Group Limited informed its shareholders and the public in general, that Mr. Pierre Guy Noël will be retiring from his position as Chief Executive Officer of MCB Group Limited on 28 February, 2023. The Board expresses its utmost gratitude to Mr. Pierre Guy Noël for his truly remarkable contribution and for his tireless efforts towards the transformation and development of the Company over the years. The Board, which met on 14 November, 2022, has confirmed Mr. Jean Michel Ng Tseung, currently MCB Group Chief Executive Officer Designate, as MCB Group Chief Executive Officer, effective as from 1 March, 2023.

The Board warmly congratulates Mr. Jean Michel Ng Tseung on his appointment as Group Chief Executive Officer and wishes him all the very best in his future role at the helm of the Group.