The board of directors of South China Holdings Company Limited announced that Mr. Ng Yuk Fung Peter, an existing Executive Director and a member of the Executive Committee of the company, has been appointed as an Executive Vice Chairman of the company with effect from January 1, 2016. The Board also announced that Mr. Ng Yuk Yeung Paul has been appointed as an Executive Director, an Executive Vice Chairman and a member of the Executive Committee of the company with effect from January 1, 2016. Mr. Paul Ng has been re-designated from an executive director and the chief executive officer to a non-executive director of South China Land Limited with
effect from 1 January 2016. He was also an executive director and a vice chairman of South China Financial Holdings Limited.