The Board of Directors of Lippo Limited announced that Mr. Brian Riady has been appointed as an executive Director of the Company with effect from 30 March 2023. Mr. Riady, aged 32, holds a Bachelor of Science (Political Communication) and a Bachelor of Arts (Economics) from the University of Texas at Austin, the United States of America. He attended the Executive Education programs at the Harvard Business School.

He is the Deputy Chief Executive Officer and Executive Director of OUE Limited and a non-independent and non-executive director of OUE Lippo Healthcare Limited. Mr. Riady is also a non-independent non-executive director of OUE Commercial REIT Management Pte. Ltd. Mr. Riady has also been appointed as an executive director of the Board of each of Hongkong Chinese Limited and Lippo China Resources Limited with effect from 30 March 2023.

He also holds directorships in certain subsidiaries of the Company. Mr. Riady is the son of Dr. Stephen Riady, a controlling shareholder of the Company, and Madam Shincee Leonardi. Dr. Stephen Riady is an executive Director and the Chairman of the Board of the Company.

Mr. Riady is also a nephew of Mr. James Tjahaja Riady, a controlling shareholder of the Company, and Madam Aileen Hambali ("Madam Hambali"). Madam Leonardi and Madam Hambali are regarded as substantial shareholders of the Company under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). Mr. Riady is a brother-in-law of Dr. Andy Adhiwana, an executive director and the Group Chief Executive Officer of Auric Pacific Group Limited, a subsidiary of the Company.