The Board of Directors (the "Board") of The Hongkong and Shanghai Hotels, Limited announced the retirement of Mr. William Elkin Mocatta ("Mr Mocatta") as a Non-Executive Director of the Company with effect from 31 March 2023 and the appointment of Mr. Diego Alejandro González Morales ("Mr González Morales") as a Non-Executive Director of the Company with effect from 31 March 2023. Mr. González Morales is the son-in-law of The Hon. Sir Michael Kadoorie and brother-in-law of Mr. Philip Lawrence Kadoorie.

He is a Director of Sir Elly Kadoorie & Sons Limited, being involved in a number of Kadoorie family interests in Hong Kong and overseas and, as such, is associated with the substantial shareholders of the Company. Mr. González Morales was previously VP, Private Equity at CLSA Capital Partners in Hong Kong. He started his career with General Electric as a graduate of GE's Financial Management Program.

He then took on various corporate roles including internal audit and controls, investigations, compliance and M&A across GE's industrial businesses, GE Capital and NBC Universal, which covered financial services, healthcare, energy and entertainment. Mr. González Morales holds a Bachelor of Engineering and a Master of Science from EPF Ecole d'ingénieurs in France, a Certification of International Business from Universidad Pontificia Comillas de Madrid, Spain, and an MBA from IESE Business School in Barcelona, Spain. He is 38 years old.