Macau Legend Development Limited announced With effect from 29 December 2020, (i) Mr. Li Chu Kwan ("Mr Li") has been appointed as an executive Director, and (ii) Mr. Lau Ngai Kee, Ricky ("Mr Lau") has been appointed as an independent non-executive Director, the chairman of the audit committee of the Board (the "Audit Committee"), a member of the nomination committee of the Board (the "Nomination Committee") and the remuneration committee of the Board (the "Remuneration Committee"). The biographical details of each of Mr. Li and Mr. Lau are as follows: Mr. Li, aged 45, has studied finance at University of South Australia. He has extensive experience in the commercial and gaming industry in Macau and since 2017, he has been the chief executive officer of the Macau Jockey Club. Mr. Lau, aged 53, obtained a professional diploma in accountancy from Hong Kong Polytechnic in November 1989. Mr. Lau is a Practicing Certified Public Accountant and a fellow of The Hong Kong Institute of Certified Public Accountants and The Association of Chartered Certified Accountants. He has over 30 years of experience in auditing and accounting with extensive experience in areas of initial public offering, merger and acquisition and corporate finance exercise. He had served Deloitte Touche Tohmatsu for 25 years from 1993 to 2018 and had been a partner thereof for 17 years. He is currently a director of Moore Stephens CPA Limited. The Board would like to take this opportunity to extend a warm welcome to Mr. Li and Mr. Lau in joining the Board. Moreover, with effect from 29 December 2020, Mr. Tsang Ka Hung ("Mr Tsang"), an executive Director and the chief financial officer of the Company, has also been appointed as a member of the Nomination Committee.