Wharf Real Estate Investment Company Limited announced that the following changes on the board of directors of the Company will become effective on 1 July 2021: Mr. Kevin Chung Ying HUI ("Mr. Hui") has tendered his resignation from the Board due to his other commitments; and Mr. Horace Wai Chung LEE has been appointed as a Director of the Company. Mr. Hui has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company in respect of his resignation. Mr. Lee joined Wheelock and Company Limited , the controlling shareholder of the Company, in 2012 and was appointed as a director of Wheelock in January 2020. He was formerly a director of Wheelock Properties (Singapore) Limited (listed in Singapore until October 2018 and renamed Wharf Estates Singapore Pte. Ltd. when it became a subsidiary of the Company in December 2019) and he has resigned from the boards of all Wheelock group companies with effect from 1 July 2021. He has over 30 years of financial management experience across different business sectors and companies.