Kerry Properties Limited announced Director Appointments with effect from November 1, 2023. The company appointed Dr. Li Rui as an Independent Non-executive Director of the Company and a member of the Audit and Corporate Governance Committee of the Company; and Ms. Tong Shao Ming will be appointed as a Non-executive Director of the Company and a member of the ACGC. Dr. Li, aged 52, is the Adjunct Associate Professor at Institute for China Business of the University of Hong Kong.

He has over 25 years of extensive experiences in corporate finance, capital market, and management consulting in China, the United States and Canada. Dr. Li was the Group Finance Director at Ping An Insurance Group ("PingAn") from 2017 to 2023. He was responsible for PingAn's finance strategy and operations on the insurance, banking, asset management, and technology businesses.

Dr. Li was a director of Lufax Holding Ltd. (a listed company in New York and Hong Kong) from 2021 to 2022 and also a non-executive director of OneConnect Financial Technology Co. Ltd. (a listed company in New York and Hong Kong) from 2019 to 2021. Prior to that, Dr. Li served as the Chief Marketing Officer and the Chief Financial Officer at SF Express International.

In addition, he provided strategy and management consulting to global Fortune 500 companies at large world-wide consulting firm. Dr. Li is a member of American Institute of Certified Public Accountants and Chartered Global Management Accountants. He earned the degree of Doctor of Philosophy in Finance from the International School of Management, Master of Business Administration degree from the Metropolitan State University and Bachelor of Science degree from the Winona State University.

Ms. Tong, aged 48, has served as the investment director of Kerry Holdings Limited ("KHL") since 2010. KHL is the controlling shareholder (having the meaning ascribed to it under the Listing Rules) of the Company. Ms. Tong does not currently hold any position in the Company.

Ms. Tong is a director of Kerry TJ Logistics Company Limited (a listed company in Taiwan) and a director of Yihai Kerry Arawana Holdings Co. Ltd. (a listed company in Shenzhen). She is also an alternate director to Mr. Kuok Khoon Hua (the Chairman and Chief Executive Officer of the Company) in his capacity as a non-executive and non-independent director of Wilmar International Limited (a listed company in Singapore).

Ms. Tong was a non-executive director of Kerry Logistics Network Limited ("KLN") (a listed company in Hong Kong) from 2019 to 2021. Between 2009 and 2012, Ms. Tong served as the investment director of Wilmar International Limited. Between 2005 and 2008, Ms. Tong worked as an executive director in the equity capital markets department of UBS Group AG.

Between 1998 and 2005, Ms. Tong worked as a solicitor in the London and Hong Kong offices of a law firm, Slaughter and May. Ms. Tong obtained a bachelor's degree in jurisprudence from Oxford University in 1997 and was admitted as a solicitor of England and Wales.