Modern Living Investments Holdings Limited announce that, with effect from 6 March 2024, Mr. Pang Yat Ting, Dominic, Mr. Xu Jianhua, Jerry, Ir Dr. Pang Yat Bond, Derrick and Mr. Shea Chun Lok, Quadrant have been appointed as executive Directors. Mr. Pang, aged 51, graduated from Columbia University, New York in 1995 with a Bachelor of Arts degree in Economics, Political Science and Mathematics, and obtained a Juris Doctorate from the New York University School of Law in 1998 and an Executive Master of Business Administration degree from Kellogg-HKUST in 2010. In 2023, he was conferred an Honorary Fellowship by City University of Hong Kong.

Mr. Pang has been appointed as a vice president of Belt & Road General Chamber of Commerce in April 2018, a member of council of the Vocational Training Council in July 2019, the chairman of Executive Board of the Hong Kong Real Property Federation since September 2019, a council member of The Chinese University of Hong Kong since May 2022 and the non-executive director of the Mandatory Provident Fund Schemes Authority since March 2023. Mr. Pang has more than 21 years of experience in the construction industry and corporate management. In 2003, Mr. Pang joined Asia Allied Infrastructure Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange, and was appointed as the assistant to the late chairman of AAI.

Mr. Pang was appointed as the chairman and executive director of AAI in April 2010 and re-designated as the co-chairman and non-executive director of AAI in January 2015. He has been further re- designated as the chairman and executive director of AAI since March 2017. Mr. Pang is the elder brother of Ir Dr. Pang.

Mr. Xu, aged 55, holds a Bachelor's degree in Law of the China University of Political Science and Law, a Master's degree in Business Administration of Beijing University of Aeronautics and Astronautics and a Master of Laws degree in International Economic Law of City University of Hong Kong. He was qualified as a lawyer in the PRC in 1994 and a senior economist in the PRC in 2003. Mr. Xu has over 24 years of corporate management experience and extensive experience in transactions of mergers and acquisitions and investment and financing.

He was a director of a company listed on the Shanghai Stock Exchange and two companies listed on the Main Board of the Stock Exchange. Mr. Xu has been appointed as the co-chairman and an executive director of AAI since January 2015, and has been re-designated as the deputy chairman of AAI since March 2017. Ir Dr. Pang, aged 48, graduated from the University of California, Berkeley in the United States in 1997 with a Bachelor of Science degree and obtained a Master of Engineering degree in Civil and Environmental Engineering from Massachusetts Institute of Technology in the United States in 1998 and a Master's degree in Business Administration from The Chinese University of Hong Kong in 2007.

He also obtained a Doctor of Philosophy in Civil Engineering from the Hong Kong University of Science and Technology in 2014. He is a member of the Institution of Civil Engineers, the United Kingdom and the Hong Kong Institution of Engineers and a Registered Professional Engineer in the State of California, United States. He has over 23 years of geotechnical design and construction experience in the United States and Hong Kong.

He has been appointed as a council member of The Hong Kong Polytechnic University since April 2021, a member of the Aviation Development and Three-runway System Advisory Committee since August 2021, a non-executive director of the Insurance Authority since December 2021 and a director of the Hong Kong Cyberport Management Company Limited since April 2023. He was appointed as Justice of the Peace by the Government of Hong Kong in June 2017. Ir Dr. Pang joined AAI in 2001 and has been appointed as the executive director of AAI since April 2010 and acted as the deputy chairman of AAI from April 2010 to March 2017.

He has been appointed as the chief executive officer of AAI since April 2017 and acted as the chief operating officer of AAI from April 2017 to January 2019. Ir Dr. Pang is the younger brother of Mr. Pang. Mr. Shea (alias Martin, former name: Shea Chi Lap, Quadrant), aged 57, graduated from Monash University of Australia with a Bachelor's degree in Business and later completed a postgraduate programme of Public Finance (Taxation) and obtained a Master's degree in Economics from Jinan University, China and a Master of Laws degree from Renmin University of China.

He is a fellow member of CPA Australia, a member of Hong Kong Institute of Certified Public Accountants, The Taxation Institute of Hong Kong, The Chartered Institute of Management Accountants of the United Kingdom and Institute of Singapore Chartered Accountants and a Chartered Global Management Accountant. He is also a Chartered Tax Adviser of Hong Kong and obtained a Certificate of Pass in Practice Training Examination for Hong Kong Certified Tax Advisers Serving in Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai, Shenzhen jointly issued by Shenzhen Municipal Office of the State Administration of Taxation and Shenzhen Local Taxation Bureau. He has been awarded the Certified ESG Planner with the focus on sustainable banking and finance issued by the International Chamber of Sustainable Development.

Mr. Shea has substantial experience in accounting and finance in listed companies and worked as qualified accountant and company secretary in various companies listed on the Main Board of the Stock Exchange over the years. He was the group financial controller of S.A.S. Dragon Holdings Limited from 1999 to 2005. He has been appointed as an independent non-executive director of Beijing Enterprises Water Group Limited since 2002 and is also the chairman of the audit committee of the company.

He has also been appointed as an independent non- executive director of Hi-Level Technology Holdings Limited since 2015 and is the chairman of the audit committee, nomination committee and remuneration committee of the company. Mr. Shea joined the AAI Group as financial controller of property development segment in 2008 and has been appointed as the chief financial officer and company secretary of AAI since 2015. He has been appointed as an executive director of AAI since July 2017.