The board of Hysan Development Co. Ltd. announced that Mr. Siu Chuen LAU, currently non-executive deputy chairman, will assume an executive role as deputy chairman and chief executive officer of the company effective from the conclusion of the annual general meeting of the company. Mr. Siu Chuen LAU, aged 54, was the acting Head of Finance of Hysan Group in 1999. He has also worked as a management consultant at McKinsey & Company. Mr. Lau is a member of the founding Lee family and an alternate director of Lee Hysan Company Limited, a substantial shareholder of the Company. He was appointed a non-executive director in May 2011 and became non-executive deputy chairman in March 2012. Mr. Lau is also a member of the Strategy Committee of the Company.