The board of directors of New World Development Company Limited announced the following changes in directorships of the company with effect from 1 May 2020: Appointment of Executive Directors – Ms. Huang Shaomei, Echo and Ms. Chiu Wai-Han, Jenny Ms. Huang Shaomei, Echo (“Ms. Huang”) has been appointed as an executive director of the Company with effect from 1 May 2020. Ms. Huang joined the Group as the deputy chief executive officer of New World China Land Limited in October 2015 and promoted to Director & Chief Executive Officer of New World China Land Limited in February 2020. She is also a director of certain subsidiaries of the Group.

Ms. Huang has over 20 years of experience in the real estate sector, having served in a consulting capacity for large-scale urban infrastructures, urban planning and urban renewal in mainland China for extensive periods, providing the Government of the People's Republic of China with professional recommendations on property development and urban planning. Ms. Chiu Wai-Han, Jenny (“Ms. Chiu”) has been appointed as an executive director of the Company with effect from 1 May 2020. Ms. Chiu joined the Group in 2004 and is currently the Senior Director – Human Resources of the Company.

Ms. Chiu is responsible for planning and driving full spectrum of strategic human resources direction, including talent acquisition, talent development and management, reward management and human resources partnering services. Prior to joining the Group, she had taken up managerial role in renowned corporations in information and communications technology services and property development industries. Re-designation as Executive Vice-chairman and Chief Executive Officer – Dr. Cheng Chi-Kong, Adrian JP Dr. Cheng Chi-Kong, Adrian (“Dr. Cheng”) will be re-designated from executive vice-chairman and general manager of the Company to executive vice-chairman and chief executive officer of the Company with effect from 1 May 2020.

Dr. Cheng was appointed as an executive director of the Company in March 2007, became executive director and joint general manager from March 2012, re-designated as executive vice-chairman and joint general manager from April 2015 and re-designated as executive vice-chairman and general manager from March 2017. Dr. Adrian Cheng is a member of the executive committee and the chairman of the sustainability committee of the Board.