CK Asset Holdings Limited announced re-designation of Mr. Ip Tak Chuen, Edmond, an Executive Director of the Company, is re-designated from his current position of Deputy Managing Director to Deputy Chairman of the Company . Subsequent to the Re-designation, Mr. Ip will continue to contribute to the Company and part of his daily responsibilities will continue to be assumed by the Company's Finance Committee, a working team comprising certain Executive Committee Members respectively heading the Company's Accounts Department, Corporate BusinessDevelopment Department, and Special Projects, who have had the pleasure of working side-by-side with Mr. Ip in the past years. Effective from April 1,2024.

Mr. Ip Tak Chuen, Edmond, aged 71, joined the CK Group in 1993, and has been a Director since January 2015, Deputy Managing Director and an Executive Director of the Company since February 2015, an Executive Committee Member of the Company since June 2015 and the Chairman of the Sustainability Committee of the Company since December 2020. He is Deputy Managing Director of CK Hutchison Holdings Limited. He is also an Executive Director and Deputy Chairman of CK Infrastructure Holdings Limited, and the Senior Vice President and Chief Investment Officer of CK Life Sciences Int'l., (Holdings) Inc. All the companies mentioned above are listed companies.

Mr. Ip is also a Non-executive Director of Hui Xian Asset Management Limited as the manager of Hui Xian REIT. He holds a Bachelor of Arts degree in Economics and a Master of Science degree in Business Administration. Mr. Ip previously held directorships in CrossCity Motorway Pty Ltd, CrossCity Motorway Nominees No.

1 Pty Ltd, CrossCity Motorway Nominees No. 2 Pty Ltd, CrossCity Motorway Holdings Pty Ltd. and CrossCity Motorway Finance Pty Ltd. (CrossCity companies) (all resigned on 22 December 2006), all incorporated in Australia. The principal business of the CrossCity companies was the design, construction and operation of the Cross City Tunnel in Sydney, Australia.

A voluntary administrator and a receiver and manager were appointed in respect of the CrossCity companies on 27 December 2006 as they were insolvent. Following a competitive tender process, ownership of the project contracts in respect of the Cross City Tunnel was transferred to a new consortium formed by ABN AMRO and Leighton Contractors, under sale contracts which were executed on 19 June 2007 and completed on 27 September 2007.