The board of directors of HKR International Limited announced that Mr. CHA Yiu Chung Benjamin ("Mr. CHA") has been appointed as Non-executive Director of the Company with effect from July 4, 2022. Mr. CHA, aged 48, with over 20 years' experience in property investment, property development and fund management. He is the Founder and currently the Chair of Seradac Foundation Limited and was previously the Chief Executive and Director of Grosvenor Limited, the Managing Director and the Head of Global Real Estate for Greater China of UBS Global Asset Management and Co-CEO of UBS/Gemdale.

Prior to these, Mr. CHA was Executive Director and Head of HKR Asia-Pacific for the Company until he left the Company in July 2013. He is also active in non-profit making organizations and currently serves on the board of the Urban Land Institute, the West Kowloon Cultural District Authority and its M+ museum, Tai Kwun Culture and Arts Company Limited, and the Asia Art Archive Limited, serving as co-Chair. Mr. CHA has a master's degree of Business Administration from Stanford University and a Bachelor of Arts degree in International Politics and Economics from Middlebury College.

He did not hold any directorship in other listed public company in the past three years. Mr. CHA is appointed with a specific term of three years and his directorship is subject to retirement at the forthcoming annual general meeting ("AGM") of the Company in 2022, at which time he will be eligible for re-election pursuant to article 99 of the Company's articles of association (the "Articles"). Thereafter, he will be subject to retirement by rotation and re-election at the AGMs of the Company at least once every three years in accordance with article 116 of the Articles.