The Board of Directors of First Pacific Company Limited announced that Mr. Robert C. Nicholson ("Mr. Nicholson") has tendered his resignation as an Executive Director of the company due to retirement, with effect from 13 December 2018. Due to his retirement, Mr. Nicholson will also cease to act as a member of the Corporate Governance Committee, with effect from 13 December 2018 and Mr. Christopher H. Young will be appointed as a new member of the Corporate Governance Committee in his stead. Mr. Nicholson was appointed as a Director of the company on 2 June 2003 and became an Executive Director on 27 November 2003. He is also a director of some of the Group companies, which he will also retire from. He is stepping down as a director after more than 15 years of service based primarily in Hong Kong. Mr. Nicholson, aged 62, wishes to retire to spend more time in his native Scotland. Mr. Nicholson confirmed that he has no claims against the company whatsoever whether in respect of fees, remuneration or compensation for loss of office. Mr. Nicholson has further confirmed that he had no disagreement with the Board and there is no other matter with respect to his resignation which needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. The Board further announces that Mr. Nicholson will cease to act as an Authorised Representative of the Company following his resignation as an Executive Director with effect from 13 December 2018.