CLP Holdings Limited announces the appointment of Ms Wang Xiaojun Heather as an Independent Non-executive Director of the Company to take effect from 16 May 2023. Ms Wang will also be appointed as a Member of the Audit & Risk Committee and the Human Resources & Remuneration Committee of the Company simultaneously. Ms Wang, aged 59, holds a Master of Business Administration from Rutgers Business School.

Ms Wang has extensive hands-on experience in human resources functions gained from top tier best- in-class multinationals. She has over 29 years at GE (also known as General Electric Company), she is currently the Vice-President of GE and Human Resources leader for GE International Markets, she is due to retire from GE in July 2023. During her time at GE, she was a graduate of the GE Global Human Resources Leadership Programme and has held numerous leadership positions and has worked and lived in the United States, Europe, Hong Kong and China.

Since 2009, she has been a GE Company Officer, an appointment made by the GE Board. Ms Wang joined GE China in 1994. In China, she has held the positions of Human Resources leader for GE China and GE Asia Pacific.

She was promoted to the Human Resources leader for GE International based in Brussels. Later on, she was appointed as the Human Resources leader for GE Global Growth Organization based in Hong Kong. Prior to joining GE, she worked with China International Trust and Investment Corporation and AT&T Beijing Fiber Optic Cable Co on business and human resources management roles.

As at the date of this announcement, Ms Wang does not have any interest in the Company's shares within the meaning of Part XV of the Securities and Futures Ordinance. Ms Wang does not have any relationships with any Directors, Senior Management or substantial or controlling shareholders of the Company. She does not hold any other position with the Company or any other member of the group of companies of which the Company forms part.

Ms Wang has confirmed to the Company her independence having regard to the independence guidelines as set out in Rule 3.13 of the Listing Rules. Ms Wang will be entitled to receive fees of HKD 634,800 per annum for serving on the Board as an Independent Non-executive Director and HKD 502,700 and HKD 102,800 per annum for her service on the Audit & Risk Committee and the Human Resources & Remuneration Committee respectively. These fees will be payable to Ms Wang on a pro-rata basis for her service in 2023.