The board of directors of Wang On Properties Limited announced that Dr. Chan Ho Wah Terence has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Remuneration Committee of the Company with effect from 1 December 2022. The biographical details of Dr. Chan are as follows: Dr. Chan Ho Wah Terence, aged 52, has almost 30 years of experience in the area of real estate and infrastructure investment, listed company merger and acquisition in the regional capital market. Dr. Chan is currently the chairman of Bay Area Capital Partners Limited, an asset management firm licensed with the Securities and Futures Commission of Hong Kong that focuses on private equity investment in the area of real estate and infrastructure asset, property and construction technology, clean energy, fintech, environmental, social and governance enhancement and smart cities applications.

He has also been an Adjunct Associate Professor in the Department of Real Estate and Construction of the University of Hong Kong with main areas of research in cross-border real estate investment, asset securitisation, technology application and sustainable development. Dr. Chan holds a doctorate degree in Economics and a master's degree in Real Estate, and he also possesses professional fellow membership of CPA Australia and Royal Institute of Chartered Surveyors as well as the professional designation of Chartered Financial Analyst. Dr. Chan devotes to industry and professional bodies through assuming the roles of the chairman of ESG & Sustainable Investment Committee of Hong Kong Independent Non-Executive Director Association, the co-chairman of the Belt and Road Working Group of Hong Kong Green Finance Association, a member of the Committee on Real Estate Investment Trusts of the SFC, a member of the Mainland Opportunities Committee of Financial Services Development Council, an advisory board member of CFA Society Hong Kong, a member of the Greater Bay Area Committee of CPA Australia and the vice-chairman of the Hong Kong Education University Council.

Dr. Chan involves in the Hong Kong-Shanghai economic, environmental, green finance & technology partnership and research collaboration through his deputy president role in the Hong Kong- Shanghai Economic Development Association, the president of Shanghai HK Association and a member of the Economic Discipline in the CPPCC Shanghai Municipal Committee since 2017. He is also a member of the Chinese Association of Hong Kong & Macao Studies of the State Council and a member of the 2021 Election Committee of the HKSAR Government.