National Electronics Holdings Limited announce that Mr. Pius Ho has been appointed as an independent non-executive Director with effect from 26 March 2024. Mr. Ho, aged 55, has over 30 years of experience in real estate development and investment, in particular in Asia Pacific. He is currently working on several real estate investment projects in North America and a new real estate advisory and investment management platform.

From 1997 to 2000, Mr. Ho served as the Vice President of Asia Pacific in TrizecHahn Asia-Pacific, being responsible for financial analysis of shopping center development and implementation of projects in Japan and Taiwan. From 2000 to 2002, he was the Senior Vice- President of Asia Pacific in Starwood Capital, being responsible for setting up investment platforms in Japan and Thailand. From 2000 to 2002, he was a director of the board in Sansiri Public Company, a company listed on the Stock Exchange of Thailand.

From 2002 to 2005, he worked as the National Director of Acquisitions and Asset Management in LaSalle Investment Management, being responsible for the acquisition and management of properties in Hong Kong, Japan and South Korea. From 2005 to 2009, he was the Chief Investment Officer of Asia Pacific in Citigroup Property Investors, being responsible for raising and investing via an Asia- Pacific dedicated real estate fund, and during such period, CPI and the Company became partners in the development of some properties in Hong Kong. From 2009 to 2012, he served as the Co- Head of Real Estate for Asia in Abu Dhabi Investment Authority, being responsible for managing the sovereign wealth's fund real estate exposure in Asia Pacific in directly-owned properties and fund investments.

From 2012 to 2014, he was a co-founder and the Chief Executive Officer of Moonbridge Capital, a wholly-owned subsidiary of the Company, being responsible for raising capital for a real estate fund or project specific for private equity real estate investments. From 2014 to 2017, he served as the Managing Director and Head of Real Estate Asia Pacific in Guidance Investments, being responsible for managing a shariah-compliant real estate fund. From 2017 to 2021, he was the Managing Director of Real Estate and Private Equity/Real Assets in Barings Alternative Investments, being responsible for developing real estate market-initiatives in Asia Pacific.

Mr. Ho obtained a Bachelor of Commerce degree in Urban Land Economics from University of British Columbia in Canada in 1990 and a Master of Business Administration degree from University of Ottawa in Canada in 1997. Mr. Ho is appointed by way of a letter of appointment with an initial term of three years commencing from 26 March 2024 subject to early vacation of office with not less than three calendar months' notice in writing or payment in lieu of notice served by either the Company or Mr. Ho on the other and also subject to retirement by rotation and re-election pursuant to the bye-laws of the Company. He is entitled to a director's fee of HKD 396,000 per year which is determined by the Board with reference to the Company's operating results, individual performance and comparable market statistics.

The Board announces that, in a reallocation of directors' responsibilities on board committees, (i) Mr. Chan Chak Cheung, William has ceased to be a member of the audit and risk management committee at the conclusion of the Audit Committee's meeting on 26 March 2024, but will continue to be an independent non-executive Director and a member of each of the nomination committee and remuneration committee of the Company; and (ii) Mr. Ho has been appointed as a member of the Audit Committee, with effect from 26 March 2024. Immediately after such reallocation of directors' responsibilities on board committees, the latest composition of the three board committees is set out in the table below: Mr. LEE Yuen Ching, Jimmy member of Nomination Committee and Remuneration Committee, Mr. LEE Bon Chi, Loewe member of Nomination Committee and Remuneration Committee, Independent non-executive Directors Mr. CHAN Chak Cheung, William chairman of Nomination Committee and member of Remuneration Committee, Mr. CHAN Kwok Wai chairman of Audit Committee and member of Nomination Committee and Remuneration Committee, Mr. SUN Dai Wai, David member of Audit Committee and Nomination Committee and chairman of Remuneration Committee, Mr. Pius HO member of Audit Committee.