The board of directors of Chinney Investments, Limited announced that Mr. Stephen Henry Chu is appointed as an independent non-executive Director of the Company with effect from 12 December 2023. Mr. Stephen Chu, aged 63, possesses broad exposure and knowledge of the real estate investment and asset management industries, with over 25 years of international real estate experience. He is currently a Hong Kong Securities and Futures Commission licensed person for type 9 (asset management) and a responsible officer of Head & Shoulders Asset Management Limited.

Mr. Stephen Chu was the chief executive officer and executive director of Hui Xian Asset Management Limited from 2011 to 2012 where he was in charge of performance and direction of Hui Xian REIT comprised of a composite portfolio of shopping malls, Grade A office towers, serviced apartments and hotels in Mainland China valued at approximately RMB 33.32 billion and which encompassed 9.31 million sq.ft. of gross rentable area as at 30 June 2012. From 2009 to 2011, he was the chief executive officer and executive director of ARA Asset Management (Prosperity) Limited, overseeing Prosperity REIT which comprised of a commercial portfolio of Grade A office towers, industrial, and I/O (industrial/office) buildings in Hong Kong valued at approximately $5.93 billion as at 31 December 2010.

From 2007 to 2008 and 2008 to 2009, Mr. Chu was director, and chief executive officer and executive director of ARA Asset Management (Singapore) Limited respectively. As chief executive officer, Mr. Stephen Chu was the leader of the performance and direction of Fortune REIT which comprised of a portfolio of eleven retail malls and properties in Hong Kong valued at approximately $8.6 billion and which encompasses 1,669,778 sq.ft. of gross rental area, portfolio occupancy of 96% as at 31 December 2008.

He holds a Master of Business Administration degree and a Bachelor of Arts (Honours) degree. The Board further announces that Mr. James Sing-Wai Wong (Chairman and executive Director) and Mr. Richard Chi-Ho Lo (independent non-executive Director) have been appointed as members of the remuneration committee of the Company with effect from 12 December 2023.