CK Hutchison : RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHANGE OF COMPOSITION OF AUDIT COMMITTEE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

RESIGNATION OF NON-EXECUTIVE DIRECTOR

AND

CHANGE OF COMPOSITION OF AUDIT COMMITTEE

The board of Directors (the "Board") of CK Hutchison Holdings Limited (the "Company") announces that:

• (1) Mr Kwok Tun-li, Stanley ("Mr Kwok") has informed the Company that he will not be seeking re-election at the annual general meeting of the Company to be held on 13 May 2021 (the "AGM") and will therefore retire as Independent Non-executive Director of the Company at the conclusion of the AGM to devote more time to his other personal engagements. Upon his retirement, Mr Kwok will cease to be member of the Audit Committee of the Company;

• (2) Mr Leung Siu Hon ("Mr Leung") has informed the Company that he will resign as Non-executive Director of the Company with effect from the conclusion of the AGM to devote more time to his other personal engagements; and

• (3) Mr Paul Joseph Tighe will be appointed as member of the Audit Committee of the Company following the retirement of Mr Kwok on 13 May 2021.

Both Mr Kwok and Mr Leung have confirmed that they have no disagreement with the Board and that they are not aware of any matters relating to their retirement/resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr Kwok and Mr Leung for their tremendous contributions to the Company during their tenure of offices.

By Order of the Board

Edith Shih

Executive Director and Company Secretary

Hong Kong, 18 March 2021

As at the date of this announcement, 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)

Ms Edith SHIH

Non-executive Directors: Mr CHOW Kun Chee, Roland

Mrs CHOW WOO Mo Fong, Susan Mr LEE Yeh Kwong, Charles

Mr LEUNG Siu Hon

Mr George Colin MAGNUS

Independent Non-executive Directors: Mr KWOK Tun-li, Stanley

Mr CHENG Hoi Chuen, Vincent

The Hon Sir Michael David KADOORIE Ms LEE Wai Mun, Rose

Mr William Elkin MOCATTA

(Alternate to The Hon Sir Michael

David Kadoorie)

Mr Paul Joseph TIGHE Mr WONG Kwai Lam

Dr WONG Yick-ming, Rosanna