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 AND CHANGE IN COMPOSITION OF BOARD COMMITTEES

The board of directors (the "Board") of SCMP Group Limited (the "Company") announces that Mr. Ronald J. Arculli ("Mr. Arculli"), an independent non-executive director of the Company, has not sought re-election at the annual general meeting of the Company held on 3 June 2014 (the "2014 AGM") due to recent increased demand on his time and has retired as a director of the Company and ceased to be a member and the Chairman of the Nomination Committee as well as a member of the Audit Committee and the Remuneration Committee with effect from the conclusion of the 2014 AGM.
Following the retirement of Mr. Arculli and with effect from the conclusion of the 2014
AGM, the Board announces that:
(1) Dr. Fred Hu Zu Liu has been appointed as the Chairman of the Nomination Committee. Accordingly, the Nomination Committee comprises two independent non-executive directors, namely Dr. Fred Hu Zu Liu as the Committee Chairman and Mr. Wong Kai Man, and the non-executive Chairman, Dr. David J. Pang;
(2) Dr. David J. Pang has been appointed as a member of the Audit Committee.
Accordingly, the Audit Committee comprises two independent non-executive directors, namely Mr. Wong Kai Man as the Committee Chairman and Dr. the Hon. Sir David Li Kwok Po, and the non-executive Chairman, Dr. David J. Pang; and
(3) The Remuneration Committee comprises two independent non-executive directors, namely Dr. the Hon. Sir David Li Kwok Po as the Committee Chairman and Mr. Wong Kai Man, and an executive director, Ms. Kuok Hui Kwong.
Mr. Arculli has confirmed that he has no disagreement with the Board and that there are no matters in respect of his retirement that need to be brought to the attention of the shareholders of the Company.

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The Board would like to take this opportunity to express its thanks and appreciation to
Mr. Arculli for his valuable contribution to the Company during the tenure of his service.
On behalf of the Board

SCMP Group Limited David J. Pang

Chairman

Hong Kong, 3 June 2014

Following the retirement of Mr. Arculli at the conclusion of the 2014 AGM and as at the date of this announcement, the Board comprises:

Non-executive Directors

Dr. David J. Pang (Chairman), Mr. Roberto V. Ongpin (Deputy Chairman) and
Tan Sri Dr. Khoo Kay Peng

Independent Non-executive Directors

Dr. Fred Hu Zu Liu, Dr. the Hon. Sir David Li Kwok Po and Mr. Wong Kai Man

Executive Director

Ms. Kuok Hui Kwong

* For identification purpose only

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