The board of Directors of CK Hutchison Holdings Limited announced the following changes with effect from 1 April 2024: Mr. Frank John Sixt and Mr. Lai Kai Ming, Dominic will be appointed as Group Co-Managing Directors of the Company. Mr. Sixt will continue to be Group Finance Director. Mr. Sixt was an Executive Director of Cheung Kong (Holdings) since 1991 and became a Non-executive Director in 1998 until June 2015.

He was an Executive Director of HWL from 1991 to 2015 and Group Finance Director from 1998 to 2015. Mr. Sixt is also Chairman of HTAL, Non-executive Chairman of TOM Group Limited (?TOM?), an Executive Director of CKI, a Director of Cenovus Energy, a Non-executive Director of TPG and an Alternate Director to Directors of HTAL, HKEIML as the trustee-manager of HKEI, and HKEIL. The aforementioned companies are either subsidiaries or associated companies of the Group of which Mr. Sixt has oversight as Director of the Company.

Except for Cheung Kong (Holdings), HWL and HKEIML, all the aforementioned companies and investment trust are listed in Hong Kong or overseas. Mr. Sixt was previously a Commissioner of Indosat (resigned on 18 September 2023). He has almost four decades of legal, global finance and risk management experience, and possesses deep expertise in overseeing financial reporting system, risk management and internal control systems as well as sustainability issues and related risks.

Mr. Sixt holds a Master's degree in Arts and a Bachelor's degree in Civil Law, and is a member of the Bar and of the Law Society of the Provinces of Québec and Ontario, Canada. Mr. Lai, aged 70, has been an Executive Director and Deputy Managing Director of the Company since June 2015. He was Finance Director and Chief Operating Officer of the AS Watson Group, the retail arm of the Group, from 1994 to 1997, Group Managing Director of the Harbour Plaza Hotel Management Group, the former hotel business of HWL, from 1998 to 2000, and an Executive Director of HWL from 2000 to 2015.

Mr. Lai is also a Non-executive Director of HTHKH, a Director of HTAL, a Commissioner of PT Duta Intidaya Tbk and an Alternate Director to Directors of HTHKH, HTAL and TOM. The aforementioned companies are either subsidiaries or associated companies of the Group of which Mr. Lai has oversight as Director of the Company. Except for HWL, all the aforementioned companies are listed in Hong Kong or overseas.

Mr. Lai has over 40 years of management experience in different industries. He holds a Bachelor of Science (Hons) degree and a Master's degree in Business Administration. Mr. Sixt previously held directorship in vLinx Inc. until 12 April 2002.