The Board of Directors of Hongkong Chinese Limited announced that Mr. Brian Riady ("Mr. Riady") has been appointed as an executive Director of the Company with effect from 30 March 2023. Mr. Riady, aged 32, holds a Bachelor of Science (Political Communication) and a Bachelor of Arts (Economics) from the University of Texas at Austin, the United States of America. He attended the Executive Education programs at the Harvard Business School.

He is the Deputy Chief Executive Officer and Executive Director of OUE Limited ("OUE") and a non- independent and non-executive director of OUE Lippo Healthcare Limited ("OUELH"). Mr. Riady is also a non-independent non-executive director of OUE Commercial REIT Management Pte. Ltd. (the manager of OUE Commercial Real Estate Investment Trust ("OUE C-REIT")).

OUE, OUELH and OUE C-REIT are listed on the Singapore Exchange Securities Trading Limited. Mr. Riady has also been appointed as an executive director of the Board of each of Lippo Limited (stock code: 226) ("Lippo", an intermediate holding company of the Company) and Lippo China Resources Limited (stock code: 156) ("LCR", a fellow subsidiary of the Company) with effect from 30 March 2023. Lippo and LCR are both listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Mr. Riady also holds directorships in certain subsidiaries of LCR which in turn is a subsidiary of Lippo.