Hong Kong Shanghai Alliance Holdings Limited announced Mr. Tam has retired from the Board with effect from the conclusion of the AGM. Upon his retirement, Mr. Tam has also ceased to be the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company. Mr. Tam has confirmed that he has no disagreement with the Board and there is no other matter relating to his retirement that needs to be brought to the attention of the Shareholders and The Stock Exchange of Hong Kong Limited.

The Board takes this opportunity to express its gratitude to Mr. Tam for his valuable contribution and support during his tenure of office.