The Board of New World Development Company Limited announced the following changes in directors of the Company and members of board committees Ms. Lo was appointed as a Justice of the Peace in 2017 and awarded the Bronze Bauhinia Star. in 2020 by the HKSAR Government. She is a member of the Election Committee 2021 of the Hong Kong Special Administrative Region and was a member of the Election Committee for the Fifth Government of the Hong Kong Special Administrative Region.

Ms. Lo is a member of the Social Workers Registration Board, the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials, the Advisory Committee on Admission of Quality Migrants and Professionals, the Museum Advisory Committee and the District Fire Safety Committee. She is also an Honorary Court Member of the Lingnan University. Ms. Lo does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Ms. Lo does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Ms. Lo will enter into a letter of appointment with the Company as an independent non-executive director of the Company for a fixed term of three years commencing from 1 December 2022, subject to retirement by rotation in accordance with the articles of association of the Company. The director's fee for Ms. Lo will be determined by the Board with the authorisation granted by the shareholders of the Company at the annual general meeting of the Company.

Ms. Wong Yeung-Fong, Fonia aged 46, has been appointed as an independent non-executive director of the Company, and will serve as a member of the Sustainability Committee, both with effect from 1 December 2022. Ms. Wong holds a Bachelor of Arts in Marketing Degree from the Hong Kong Polytechnic University and a Degree in China Law from the Tsinghua University. She is a certified international wealth manager and a certified financial planner.

Ms. Wong is a senior director and head of business development (South Pacific) at EBSI Private of China Everbright Securities International Company Limited. Ms. Wong is a council member of the Lingnan University, the president and co-founder of the Hong Kong Digital Asset Society, founder of Hong Kong Youth Service Leader Award, charter president of Rotary Club of Central, Hong Kong, charter president of Rotary Alumni Association, Rotary International District 3450, founding convener of Investment Chat for Charity and an executive committee member of The Neighbourhood Advice-Action Council. Ms. Wong won the Ten Outstanding Young Persons Award of the Junior Chamber International Hong Kong in 2016.

She was also on the 2021 list of Kindness & Leadership, 50 Leading Lights Asia Pacific. In 2017, Ms. Wong was the winner of the Advanced Management and Leadership Program Outstanding Alumni Award of the University of Oxford for her exceptional services to the society. Except as disclosed, Ms. Wong did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group.

She does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this announcement, Ms. Wong does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Ms. Wong will enter into a letter of appointment with the Company as an independent non-executive director of the Company for a fixed term of three years commencing from 1 December 2022, subject to retirement by rotation in accordance with the articles of association of the Company.

The director's fee for Ms. Wong will be determined by the Board with the authorisation granted by the shareholders of the Company at the annual general meeting of the Company. Mr. Cheng Chi-Ming, Brian, aged 39, has been appointed as a non-executive director of the Company with effect from 1 December 2022. Mr. Brian Cheng is an executive director of NWS Holdings Limited, a listed public company in Hong Kong and a subsidiary of the Company, and a director of certain subsidiaries of the Group.

Mr. Brian Cheng is the chairman and a non-executive director of Integrated Waste Solutions Group Holdings Limited and a non-executive director of Haitong International Securities Group Limited and Wai Kee Holdings Limited, all being listed public companies in Hong Kong. Except as disclosed, Mr. Brian Cheng did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Mr. Brian Cheng is currently a member of the Thirteenth Shanghai Municipal Committee of the Chinese People's Political Consultative Conference of the People's Republic of China.

Before joining the Group, He had been working as a research analyst in the infrastructure and conglomerates sector for CLSA Asia-Pacific Markets. Mr. Brian Cheng holds a Bachelor of Science Degree from Babson College in Massachusetts in the U.S.A.