The board of directors of Guoco Group Limited announced changes in directorship and composition of the board committees with effect from the conclusion of the annual general meeting of the Company held on 8 November 2021. Mr. Roderic N. A. SAGE ("Mr. Sage"), an independent non-executive director ("INED") of the Company, has retired by rotation at the conclusion of the AGM. Mr. Sage decided not to stand for re-election at the AGM. Mr. Sage confirmed that he has no disagreement with the Board and there is no other matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Mr. Sage ceased to be the Chairman of both the Board Audit and Risk Management Committee ("BARMC") and Board Remuneration Committee ("BRC") as well as a member of the Board Nomination Committee ("BNC") of the Company following his retirement as an INED. Mr. Sage has served the Board for more than 12 years. Mr. Paul Jeremy BROUGH ("Mr. Brough") has been appointed as an independent non-executive director of the Company, the Chairman of the Board Remuneration Committee and Board Nomination Committee and a member of each of the Board Remuneration Committee and Board Nomination Committee with effect from 8 November 2021 after the conclusion of the AGM. Mr. Brough is an associate member of each of the Institute of Chartered Accountants in England and Wales, the Hong Kong Institute of Certified Public Accountants and the Hong Kong Securities Institute. Mr. Lester G. HUANG, SBS, JP, has been re-designated as the Chairman of the Board Remuneration Committee.