Reference is made to the announcement of Kerry Properties Limited (the "Company") dated 17 March 2020 in relation to the retirement of Mr. Ku Moon Lun as an independent non-executive director ("INED") of the Company. The board of directors of the Company announced that (i) Mr. Ku has ceased to be an INED and a member of each of the audit and corporate governance committee (the "ACGC"), the remuneration committee (the "RC") and the nomination committee (the "NC") of the Company upon his retirement by rotation from the Board at the Company's annual general meeting ("AGM") held on 20 May 2020; and (ii) Mr. Hui Chun Yue, David has been appointed as an INED and a member of each of the ACGC, the RC and the NC with effect from the conclusion of the AGM on 20 May 2020. Mr. Hui Chun Yue, David, aged 48, is now a Partner in the Hong Kong office of Heidrick & Struggles International Inc. and is the Regional Managing Partner of the Industrial Practice for Asia Pacific and the Middle East and leads the Chief Executive Officer and Board Practice in Hong Kong. He has over 20 years of experience in executive search and consulting globally and across the Asia Pacific region in the industrial and financial services sectors. Earlier in his career, Mr. Hui was a banking and finance lawyer at Allen & Overy and Baker McKenzie.