Wharf Real Estate Investment Company Limited announced the appointment of Ms. Lai Yuen CHIANG ("Ms. CHIANG") as an additional Independent Non- executive Director of the Company effective from 1 October 2022. Ms. Chiang, JP, aged 57, graduated from Wellesley College in the United States with a Bachelor of Arts degree. She is currently the chairman and chief executive officer of Chen Hsong Holdings Limited and an independent non-executive director of Hang Seng Bank Limited, both publicly listed in Hong Kong. Ms. Chiang is a member of the Twelfth Guangdong Provincial Committee of the Chinese People's Political Consultative Conference and a member of Advisory Council on Food and Environmental Hygiene of the Government of the Hong Kong Special Administrative Region ("HKSAR"). She is also a vice-president of China Plastics Machinery Industry Association, vice-chairman of the Federation of Shenzhen Industries, vice-president of China Shenzhen Machinery Association and vice-president of the Toys Manufacturers' Association of Hong Kong. Ms. Chiang had served as a standing committee member of the Shenzhen Committee of the Chinese People's Political Consultative Conference during 2000 to 2021. She was awarded the "Young Industrialist Awards of Hong Kong" by the Federation of Hong Kong Industries in 2004. Ms. Chiang has been appointed as Justice of the Peace by the Government of the HKSAR in 2012.
Save as disclosed above, Ms. Chiang does not presently and did not in the past three years hold any directorship in any other listed public company; she does not have any relationship with any directors, senior management or any substantial or controlling shareholders of the Company; and she does not have any interest in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Ms. Chiang will receive from the Company a director's fee at the rate of HKD 250,000 per annum, which is in line with that payable to other directors (other than the Chairman) of the Company. Upon the appointment of Ms. Chiang becoming effective, no service contract would exist between her and the Company as well as its subsidiaries (the "Group"), and therefore no emolument will be payable to her by the Group apart from the abovementioned director's fee.