The board of directors of Wing Tai Properties Limited announces with sorrow that Mr. Cheng Hoi Chuen, Vincent ("Mr. Vincent Cheng"), an independent non-executive director of the Company and the Chairman of the Nomination Committee of the Company, passed away on 28 August 2022. Mr. Vincent Cheng had been an Independent Non-executive Director of the Company since 2013 and had made invaluable contributions to the Company during his tenure of office.