The board of directors of Lai Fung Holdings Limited announced that a nomination committee ("Nomination Committee") has been established by
the Board with written terms of reference with effect from 21 January 2022. The Board has appointed the Chairman of the Board, Mr. Chew Fook Aun together with two independent non-executive directors of the Company, namely Mr. Mak Wing Sum, Alvin and Mr. Shek Lai Him, Abraham as members of the Nomination Committee. Mr. Chew Fook Aun has been appointed as the chairman of the Nomination Committee.