The Board of Directors of Hang Seng Bank Limited announced the following changes to the Board composition of the Bank. Kenneth S Y Ng to step down as Independent Non-executive Director. Kenneth S Y Ng will step down as an Independent Non-executive Director of the Bank and will cease to be the Chairman of the Risk Committee and a member of the Nomination Committee, all with effect from the conclusion of the Bank's Annual General Meeting to be held in May 2024, in order to devote more time to his other commitments and areas of interest.

Xiao Bin Wang to be appointed as Chairman of the Risk Committee. Xiao Bin Wang, an Independent Non-executive Director of the Bank, will succeed Mr. Ng as the Chairman of the Risk Committee, with effect from the conclusion of the Bank's 2024 AGM. The Board believes Ms. Wang's experience will be valuable in the leadership of the Risk Committee.

As at the date hereof, the Board of Directors of the Bank comprises Irene Y L Lee (Chairman), Diana Cesar (Chief Executive), Cordelia Chung, Kathleen C H Gan, Clement K M Kwok, Patricia S W Lam, David Y C Liao, Huey Ru Lin, Kenneth S Y Ng, Say Pin Saw and Xiao Bin Wang.