The board of directors of Eagle Asset Management (CP) Limited announced that Mr. Ip Yuk Keung, Albert (Mr. Ip) has been re-designated from a Non-executive Director to an Independent Non-executive Director (the "Re-designation") and appointed as a member of the Audit Committee of the REIT Manager with effect from 21 May 2021. As announced by the REIT Manager on 9 June 2014, Mr. Ip was re-designated from an Independent Non-executive Director to an Non-executive Director of the REIT Manager on 9 June 2014 due to his role as an Executive Director and the Chief Executive Officer of a publicly listed business trust, of which the holding company of Champion REIT owns more than 50% interests. He has retired from such business trust with effect from 1 April 2019. The re-designation of Mr. Ip back to Independent Non-executive Director of the REIT Manager this time is to better reflect his role and function in the Board and optimise Champion REIT's governance structure.