The board of directors of SJM Holdings Limited announced that Hon. Shek Lai Him, Abraham (Hon. Shek) ceased to act as an Independent Non- executive Director of the Company upon his retirement from the Board at the conclusion of the annual general meeting of the Company held on 28 May 2021 (2021 AGM) as Hon. Shek did not seek for re-election. He has been appointed as an advisor of the Company and continues to act as the Chairman of the Cotai Project Committee of the Board of the Company and the Cotai Project Monitoring Committee of Sociedade de Jogos de Macau, S.A. (SJMSA) after his retirement at the 2021 AGM. The Board of the Company announced that Mr. Yeung Ping Leung, Howard (Mr. Yeung) has been elected as an Independent Non-executive Director of the Company at the 2021 AGM with effect from 28 May 2021 upon conclusion of the 2021 AGM. Mr. Yeung Ping Leung, Howard has extensive experience in the businesses of property development, hotel operation and jewelry. He is also an independent non-executive director of New World Development Company Limited and Miramar Hotel and Investment Company, Limited, both of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Yeung has entered into a letter of appointment with the Company on 28 May 2021 as an Independent Non-executive Director with an initial term of three years commencing from the date of election at the 2021 AGM, subject to the arrangements of retirement by rotation and re- election at annual general meetings of the Company at least once every three years in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules).