The board of directors of Eagle Asset Management (CP) Limited (the "REIT Manager") as manager of Champion Real Estate Investment Trust ("Champion REIT") announces that Mr. Ho Shut Kan ("Mr Ho") has expressed his intention not to offer himself for re-election in the 2023 Annual General Meeting of Champion REIT after having served the Board for more than 15 years. He resigned as Independent Non-executive Director of the REIT Manager with effect from 16 December 2022 for other business arrangement. Accordingly, Mr. Ho ceased to be Chairman of the Nomination Committee and member of the Audit Committee of the REIT Manager with effect from 16 December 2022.

With effect from 16 December 2022, the compositions of the Board and the four existing Board Committees of the REIT Manager are set out below: Board Non-executive Directors: Dr Lo Ka Shui (Chairman) Ms Wong Mei Ling, Marina Executive Directors: Ms Hau Shun, Christina (Chief Executive Officer) Mr. Kwong Chi Kwong Independent Non-executive Directors: Mr. Cheng Wai Chee, Christopher, Mr. Ip Yuk Keung, Albert, Mr. Shek Lai Him, Abraham. Audit Committee:- Mr. Shek Lai Him, Abraham (Chairman), Mr. Cheng Wai Chee, Christopher, Mr. Ip Yuk Keung, Albert, Dr Lo Ka Shui. Disclosures Committee:- Ms Hau Shun, Christina (Chairman), Dr Lo Ka Shui, Mr. Shek Lai Him, Abraham.

Nomination Committee:- Mr. Cheng Wai Chee, Christopher, Dr Lo Ka Shui, Mr. Shek Lai Him, Abraham. Finance and Strategic Planning Committee:- Dr Lo Ka Shui (Chairman), Ms Hau Shun, Christina, Ms Wong Mei Ling, Marina.