Orient Overseas (International) Limited announces that with effect from 1 January 2020, Mr. TUNG Lieh Cheung Andrew will be re-designated from an Executive Director to a Non-Executive Director of the Company, as recommended by the Nomination Committee of the Company and approved by the Board. Following the Re-designation, Mr. Tung will cease as a member of the Executive Committee and an authorized representative of the Company but will remain as a member of the Finance Committee, the Inside Information Committee and the Risk Committee of the Company.