The board of Directors of CK Hutchison Holdings Limited announces that The Hon Sir Michael David Kadoorie, GBS, Commandeur de la Légion d'Honneur, Commandeur de l'Ordre des Arts et des Lettres, Commandeur de l'Ordre de la Couronne, Commandeur de l'Ordre de Leopold II, informed the Company that he would resign as Independent Non-Executive Director of the Company as he reduces his work responsibilities going forward; and Mr. Philip Lawrence Kadoorie will be appointed as Independent Non-executive Director of the Company. The resignation of The Hon Sir Michael David Kadoorie and the appointment of Mr. Philip Lawrence Kadoorie will both take effect on 16 December 2022. The position of Mr. William Elkin Mocatta as Alternate Director of The Hon Sir Michael David Kadoorie will also cease on the same date. The Hon Sir Michael David Kadoorie has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Mr. Philip Lawrence Kadoorie, aged 30, holds a Bachelor of Science Degree in Communication from Boston University and a FAA Commercial Pilot's Licence. He is a Non-executive Director of CLP Holdings Limited and The Hongkong and Shanghai Hotels, Limited. He is also a Director of Sir Elly Kadoorie & Sons Limited, Heliservices (Hong Kong) Limited and Metrojet Limited. Mr. Philip Kadoorie has CLP market experience, global market experience, property industry experience, and expertise in other industries. As at 15 December 2022, the Directors of the Company are: Executive Directors: Mr. LI Tzar Kuoi, Victor (Chairman and Group Co-Managing Director); Mr. FOK Kin Ning, Canning (Group Co-Managing Director); Mr. Frank John SIXT (Group Finance Director and Deputy Managing Director); Mr. IP Tak Chuen, Edmond (Deputy Managing Director); Mr. KAM Hing Lam (Deputy Managing Director); Mr. LAI Kai Ming, Dominic (Deputy Managing Director) and Ms Edith SHIH. Non-executive Directors:
Mr CHOW Kun Chee, Roland; Mrs. CHOW WOO Mo Fong, Susan; Mr. LEE Yeh Kwong, Charles and Mr. George Colin MAGNUS. Independent Non-executive Directors: The Hon Sir Michael David KADOORIE; Ms LEE Wai Mun, Rose; Mrs. LEUNG LAU Yau Fun, Sophie; Mr. William Elkin MOCATTA (Alternate to The Hon Sir Michael David Kadoorie); Mr. Paul Joseph TIGHE; Mr. WONG Kwai Lam and Dr WONG Yick-ming, Rosanna.