NWS Holdings Limited announces the following changes in directors of the Company and members of the board committees of the Company, each of which to take effect on 1 January 2022: the resignation of Mr. Chow Tak Wing as an executive director of the Company and the cessation as a member of each of the Executive Committee of the Company (the "Executive Committee") and the Corporate Governance Committee of the Company (the "Corporate Governance Committee"); the resignation of Dr. Cheng Wai Chee, Christopher as an independent non-executive director of the Company and the cessation as a member of each of the Audit Committee of the Company (the "Audit Committee"), the Nomination Committee of the Company (the "Nomination Committee") and the Remuneration Committee of the Company (the "Remuneration Committee"); the appointment of Professor Chan Ka Keung, Ceajer as an independent non-executive director of the Company, and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; the cessation of Mr. Kwong Che Keung, Gordon as the Chairman and a member of the Corporate Governance Committee, and a member of each of the Nomination Committee and the Remuneration Committee resulting from his resignation from the aforesaid offices. Mr. Kwong Che Keung, Gordon will continue his office as the Chairman of the Audit Committee; the appointment of Mr. Wong Kwai Huen, Albert, who is an independent non-executive director of the Company and a member of the Corporate Governance Committee, as the Chairman of the Corporate Governance Committee; and the appointment of Mr. Lee Yiu Kwong, Alan, who is an independent non-executive director of the Company, as a member of each of the Nomination Committee and the Remuneration Committee. Prof. K.C. Chan was appointed as Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region from July 2007 to June 2017. Mr. Chow Tak Wing has tendered his resignation as an executive director of the Company with effect from 1 January 2022 in order to devote more time to his personal commitments. He will also cease to be a member of each of the Executive Committee and the Corporate Governance Committee on the same day; and Dr. Cheng Wai Chee, Christopher has tendered his resignation as an independent non-executive director of the Company with effect from 1 January 2022 in order to devote more time to his personal business and other commitments. He will also cease to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee on the same day.