MTR Corporation Limited announced that Ms. Ida Lee Bik-sai has ceased to be an Alternate Director to the office of the Secretary for Transport and Logistics (S for T&L) (Ms. Mable Chan), a Non-executive Director (`NED') of the Company, with effect from 30 December 2024, as she has ceased to hold the post of the Deputy Secretary for Transport and Logistics 2 (`DS (TL) 2') with effect from the same date; and Mr. Yip Hoi-ying (also known as Mr. Kirk Yip Hoi-ying) has taken up the post of the DS (TL) 2 with effect from 30 December 2024 and, by virtue of holding such post, has become an Alternate Director to the office of the S for T&L (Ms. Mable Chan), a NED of the Company, with effect from the same date. Ms. Ida Lee Bik-sai has ceased to be an Alternate Director to the office of the S for T&L (Ms. Mable Chan), a NED of the Company, with effect from 30 December 2024, as she has ceased to hold the post of the DS (TL) 2 with effect from the same date. Ms. Lee has confirmed that she has no disagreement with the Board of Directors of the Company (`Board') and that there is no other matter relating to her cessation as the Company's Alternate Director as abovementioned that needs to be brought to the attention of the holders of securities of the Company.

Mr. Yip Hoi-ying (also known as Mr. Kirk Yip Hoi-ying) has taken up the post of the DS (TL) 2 with effect from 30 December 2024 and, by virtue of holding such post, has become an Alternate Director to the office of the S for T&L (Ms. Mable Chan), a NED of the Company, with effect from the same date. Mr. Yip (aged 45) joined the Administrative Service of the HKSAR Government in 2004. Prior to his appointment to the post of the DS (TL) 2, he has served in various bureaux and departments, including as the Press Secretary to Financial Secretary from 2015 to 2018, Principal Assistant Secretary for Culture, Sports and Tourism (West Kowloon Cultural District) (formerly named Principal Assistant Secretary for Home Affairs (West Kowloon Cultural District)) from 2019 to 2023 and Principal Assistant Secretary for Transport and Logistics 3 from 2023 to 2024.

Mr. Yip, in his official capacity as the DS (TL) 2, serves as a director of several transport- related companies including Citybus Limited, The Kowloon Motor Bus Company (1933) Limited, Long Win Bus Company Limited, New Lantao Bus Company (1973) Limited and The "Star" Ferry Company Limited. Mr. Yip holds a Bachelor of Social Science degree from The Chinese University of Hong Kong.