Hong Kong Exchanges and Clearing : Management Changes

Pursuant to Chapter 38 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Securities and Futures Commission regulates Hong Kong Exchanges and Clearing Limited in relation to the listing of its shares on The Stock Exchange of Hong Kong Limited. The Securities and Futures Commission takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Management Changes

Hong Kong Exchanges and Clearing Limited ("HKEX") today announces the appointment of Ms Glenda So as Head of Post Trade. Ms So will join HKEX on 25 February 2020 and report to HKEX Group's Chief Executive, Mr Charles Li, and to HKEX Chief Operating Officer,

Mr Calvin Tai. She will be a member of the HKEX Management Committee.

Mr John Killian, currently Group Chief Financial Officer, has today been appointed as Group Risk Officer, effective immediately. Prior to HKEX, Mr Killian worked for a number of international investment banks with risk and control responsibilities. Mr Killian will continue to report to the Group's Chief Executive. Mr Bipin Patel, currently Group Risk Officer, will become a Strategic Risk Advisor to HKEX, reporting to the Group's Chief Executive.

Ms Lau Bik Yun, Vanessa, Hong Kong Chief Financial Officer, succeeds Mr Killian as Group Chief Financial Officer. As the Group Chief Financial Officer, Ms Lau assumes full responsibility for HKEX Group's financial, treasury and corporate services functions. She will become a member of the HKEX Management Committee and will report directly to the Group's Chief Executive.

Biography: Glenda So

Ms So, 50, has over 23 years' experience in managing sizeable operations teams within international financial institutions in Hong Kong, Mainland China and the US, including at Goldman Sachs. She joins HKEX from Allianz Global Investors. Prior to this, she was Chief Operating Officer for the Principal Investment Division at Sun Hung Kai & Co. Limited.

Ms So holds a Bachelor of Business Administration degree in Finance from Baruch College, The City University of New York, USA.

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Biography: Vanessa Lau

Ms Lau, aged 47, has over 25 years' experience in the financial services industry. She joined HKEX in October 2015 and her most recent role was as Hong Kong Chief Financial Officer. Prior to joining HKEX, she held various senior financial positions with Sanford C. Bernstein (Hong Kong) Limited from 2011 to 2015, and Alcoa Inc. from 2007 to 2011.

Ms Lau holds a Bachelor of Arts (honours) degree and a Master of Arts degree, both in Mathematics and Computation, from the University of Oxford, United Kingdom and a Chartered Accountant qualification from The Institute of Chartered Accountants in England and Wales.

By Order of the Board

Hong Kong Exchanges and Clearing Limited

Joseph Mau

Group Company Secretary

Hong Kong, 5 February 2020

As at the date of this announcement, HKEX's Board of Directors comprises 11 Independent Non-executive Directors, namely Mrs Laura May-Lung CHA (Chairman), Mr Apurv BAGRI, Mr CHAN Tze Ching, Ignatius, Mr CHEAH Cheng Hye, Ms FUNG Yuen Mei, Anita, Mr Rafael GIL-TIENDA, Dr HU Zuliu, Fred, Mr HUNG Pi Cheng, Benjamin, Mr LEUNG Pak Hon, Hugo, Mr John Mackay McCulloch WILLIAMSON and Mr YIU Kin Wah, Stephen, and one Executive Director, Mr LI Xiaojia, Charles, who is also the Chief Executive of HKEX.

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