The board of directors of ITC Properties Group Limited announced the following changes in directors and of executive positions of the Company: Dr. Chan Kwok Keung, Charles ("Dr. Chan") has been appointed as an executive Director and Joint Vice Chairman of the Company both with effect from 29 November 2021; Ms. Chau Mei Wah, Rosanna ("Ms. Chau") has been appointed as an executive Director with effect from 29 November 2021; Mr. Cheung Chi Kit ("Mr. Cheung") has tendered his resignation as an executive Director and the Managing Director of the Company both with effect from 1 January 2022 due to his other personal commitments; and Mr. Wong Lai Shun, Benny ("Mr. Wong") has tendered his resignation as an executive Director with effect from 1 January 2022 due to his other personal commitments. Dr. Chan, aged 66, has been appointed as an executive Director and Joint Vice Chairman of the Company with effect from 29 November 2021. He will become a member of the investment committee of the Company (the "Investment Committee") upon his appointment. Ms. Chau, aged 67, has been appointed as an executive Director with effect from 29 November 2021. She will become a member of the Investment Committee upon her appointment. She has also been appointed as a member of each of the Remuneration Committee and the corporate governance committee of the Company (the "Corporate Governance Committee"), all with effect from 1 January 2022. Ms. Chau is currently a consultant of the Group. She has over 42 years' experience in international corporate management and finance.