The board of directors of New World Development Company Limited announced that Mr. Cha Mou-Sing, Payson, an independent non-executive director of the company, and a member of each of the audit committee, the remuneration committee and the sustainability committee of the board, passed away on 6 November 2020 (PST) in California, USA. Following the passing away of Mr. Cha, Mr. Cha Mou-Zing, Victor ceased to be the alternate director of Mr. Cha.