The board of directors of NWS Holdings Limited announced the following changes with effect from 1 January 2024: Mr. Ma Siu Cheung (Mr. Eric Ma) has resigned as Chief Executive Officer of the Company; Mr. Brian Cheng, an Executive Director, has been appointed as a Co-Chief Executive Officer of the Company; Mr. Gilbert Ho, and Executive Director, has been appointed as a Co-Chief Executive Officer of the Company and would be collectively responsible for the daily management and operations of the Group. Forthwith upon his appointment becoming effective, Mr. Gilbert Ho will no longer serve as the Chief Operating Officer of the Company. Mr. Brian Cheng, aged 41, joined the Company in January 2008 and was appointed as Executive Director in July 2009 and is also a member of the Executive Committee and the Sustainability Committee.

He has been appointed as Co-Chief Executive Officer of the Company with effect from 1 January 2024. He is also a director of certain subsidiaries of the Group. He is mainly responsible for overseeing the infrastructure business and the merger and acquisition affairs of the Group.

Mr. Brian Cheng is a non-executive director of NWD, 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. He is also the Chairman of Goshawk Aviation Limited, and a director of PBA International Pte. Ltd. and a number of companies in Mainland China.

Mr. Brian Cheng is currently a member of the Fourteenth Shanghai Municipal Committee of the Chinese People's Political Consultative Conference of the People's Republic of China. Before joining the Company, Mr. Cheng 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, USA.

Mr. Brian Cheng is the son of Dr. Henry Cheng, the brother of Dr. Adrian Cheng and Mr. Cheng Chi Leong, Christopher, and the cousin of Mr. William Junior Guilherme Doo and cousin-in-law of Mr. Patrick Tsang. Mr. Gilbert Ho, aged 47, joined the Company as senior director in January 2018 and has been serving as Executive Director since July 2018 and was appointed as Chief Operating Officer of the Company in February 2022. He has been appointed as Co-Chief Executive Officer of the Company with effect from 1 January 2024.

He is a member of the Executive Committee, the Corporate Governance Committee and the Sustainability Committee of the Company. He is also a director of certain subsidiaries of the Group. Prior to joining the Group, Mr. Gilbert Ho was a director and/or senior executive in several Hong Kong listed public companies.

He was the senior investment director of NWD and an executive director of New World Strategic Investment Limited. He was also a partner of an international law firm Fried, Frank, Harris, Shriver & Jacobson LLP. Mr. Gilbert Ho is an independent non-executive director of Asia Allied Infrastructure Holdings Limited and Kam Hing International Holdings Limited, and a non-executive director of Shoucheng Holdings Limited and Wai Kee Holdings Limited, all being listed public companies in Hong Kong.

Mr. Gilbert Ho is the Deputy Chairman of the Greater Bay Area Committee of CPA Australia, a member of the China Committee of Hong Kong General Chamber of Commerce and the General Committee of The Chamber of Hong Kong Listed Companies, a standing committee member of the Youth Federation of Inner Mongolia and the Vice Chairman of Inner Mongolia & Hong Kong Youth Exchange Association. He was also a committee member of the Industry Advisory Committee of Insurance Authority from June 2020 to May 2022 and a committee member of the Chinese People's Political Consultative Conference of Shenyang from December 2007 to December 2021. Mr. Gilbert Ho holds a Bachelor of Commerce degree and a Bachelor of Laws degree from the University of Sydney, Australia and was admitted as a solicitor in New South Wales, Australia and England and Wales and as a solicitor and barrister in the High Court of Australia.

He is also a fellow member of CPA Australia.