The board of Directors of CK Hutchison Holdings Limited announced the following changes with effect from 1 April 2024: Mr. Victor T K Li will cease to be Group Co-Managing Director of the Company, and will remain as the Chairman and Executive Director of the Company. Mr. Li, aged 59, has been a Director of the Company since December 2014. He was designated as Executive Director, Managing Director and Deputy Chairman of the Company in January 2015, re-designated as Executive Director, Group Co-Managing Director and Deputy Chairman of the Company in June 2015, and appointed as Chairman of the Company since May 2018.

Mr. Li has been a member of the Remuneration Committee and Nomination Committee of the Company since May 2018 and January 2019 respectively. In 1985, he joined Cheung Kong (Holdings) Limited (?Cheung Kong (Holdings)?, and acted as Deputy Managing Director from 1993 to 1998. He was Deputy Chairman of Cheung Kong (Holdings) since 1994, Managing Director since 1999 and Chairman of the Executive Committee since 2013 until June 2015.

From 1995 to 2015, he was an Executive Director of Hutchison Whampoa Limited, and Deputy Chairman from 1999 to 2015. Mr. Li is Chairman, Managing Director and Executive Director of CK Asset Holdings Limited (?CKA?), Chairman of CK Infrastructure Holdings Limited and CK Life Sciences Int'l., (Holdings) Inc., a Non-executive Director of Power Assets Holdings Limited and HK Electric Investments Manager Limited as the trustee-manager of HK Electric Investments (?HKEI?) and a Non-executive Director and Deputy Chairman of HK Electric Investments Limited (?HKEIL?). Mr. Li has oversight as Director of the Company.

Except for Cheung Kong (Holdings), HWL and HKEIML, all the aforementioned companies and investment trust are listed in Hong Kong. Mr. Li is also the Deputy Chairman of Li Ka Shing Foundation Limited and Li Ka Shing (Global) Foundation, and the Member Deputy Chairman of Li Ka Shing (Canada) Foundation. Mr. Li serves as a member of the 14th National Committee of the Chinese People's Political Consultative Conference of the People's Republic of China and a member of the Chief Executive's Council of Advisers of the Hong Kong Special Administrative Region.

He is also Vice Chairman of the Hong Kong General Chamber of Commerce. Mr. Li is the Honorary Consul of Barbados in Hong Kong and is awarded the Grand Officer of the Order of the Star of Italy. He holds a Bachelor of Science degree in Civil Engineering, a Master of Science degree in Civil Engineering and a degree of Doctor of Laws, honoris causa (LL.D.).

Mr. Li previously held directorship in Star River Investment Limited (ceased on 4 June 2005). Mr. Fok Kin Ning, Canning will cease to be Group Co-Managing Director of the Company. After over 30 years as Group Managing Director of Hutchison Whampoa Limited and now the Company as well as over 44 years with the Cheung Kong Group, Mr. Fok has decided to retire from his position as Group Co-Managing Director of the Company.

Mr. Fok, aged 72, was appointed Non-executive Director of the Company in January 2015 and re-designated as an Executive Director and Group Co-Managing Director of the Company in June 2015. He has been a Director of Cheung Kong (Holdings) since 1985 and became a Non-executive Director in 1993 until June 2015. Mr. Fok was an Executive Director of HWL from 1984 to 2015 and Group Managing Director from 1993 to 2015.

He is also Chairman of Hutchison Telecommunications Hong Kong Holdings Limited (?HTHKH?), Hutchison Port Holdings Management Pte. Limited as the trustee-manager of Hutchison Port Holdings Trust, Power Assets, TPG Telecom Limited, HKEIML as the trustee-manager of HKEI, and HKEIL, Deputy Chairman of CKI and Deputy President Commissioner of PT Indosat Tbk (?Indosat?). The aforementioned companies are either subsidiaries or associated companies of the Group of which Mr. Fok has oversight as Director of the Company.

Except for Cheung Kong (Holdings), HWL, HPHM and HKEIML, all the aforementioned companies and business/investment trusts are listed in Hong Kong or overseas. Mr. Fok was previously Chairman of Hutchison Telecommunications (Australia) Limited (resigned on 28 December 2023) and a Director of Cenovus Energy Inc. (retired on 26 July 2023). He holds a Bachelor of Arts degree and a Diploma in Financial Management, and is a Fellow of Chartered Accountants Australia and New Zealand.

Mr. Fok previously held directorship in Peregrine Investments Holdings Limited (resigned on 12 January 1998).