The board of directors of Midland IC&I Limited announced that Ms. TANG Mei Lai, Metty, currently the Chairman, Managing Director and Executive Director of the company, has been re-designated as a Non-executive Director of the company with effect from 11 December 2014. Ms. TANG will continue to serve as the Chairman of the company. Ms. TANG is and will remain as the chairman of the Nomination Committee and a member of the Remuneration Committee of the Company.

Ms. TANG has been the Chairman of the Company since September 2008. She has also been an Executive Director of the Company since September 2008 and the Managing Director of the Company since October 2008 before her re-designation as Non-executive Director of the Company.