The board of directors of Guoco Group Limited announced that Mr. Volker Stoeckel an independent non-executive director of the Company, retired by rotation at the conclusion of the annual general meeting held on 18 November 2019. Due to his health condition, Mr. Stoeckel has decided not to stand for re-election at the AGM. The Board announced that Mr. Huang Lester Garson, SBS, JP has been appointed as an INED of the Company, a member of both the BARMC and the BRC with effect from 18 November 2019 after the conclusion of the AGM. Mr. Huang is a practicing solicitor and notary public, and is currently the Managing Partner and Co-Chairman of P. C. Woo & Co., a solicitor firm in Hong Kong. There is no service contract between Mr. Huang and the Company. Mr. Huang is not appointed for a specific term of service with the Company but will be subject to retirement by rotation and re-election at the annual general meetings pursuant to the Company's Bye-laws. The Board announce that with effect from 18 November 2019 after the conclusion of the AGM, Mr. Roderic N.A. Sage has been re-designated as the Chairman of the BRC and Mr. David Michael Norman has been appointed as a member of the BNC.