Sun Hung Kai & Co. Limited announced that effect from 25 January 2016, Mr. Joseph Tong Tang has resigned as an Executive Director. Subsequent to his resignation, he has ceased to be a member of the Executive Committee and the Risk Management Committee of the Board; Mr. Ahmed Mohammed Aqil Qassim Alqassim has resigned as a Non-Executive Director and Mr. Joseph Kamal Iskander has ceased to be his Alternate Director; Mr. Jonathan Andrew Cimino has been appointed as a Non-Executive Director and Mr. Iskander has been appointed as Mr. Cimino's Alternate Director.

Mr. Tong has resigned from office of an Executive Director and has ceased to be a member of the Executive Committee and the Risk Management Committee of the Board due to his other business commitments. Mr. Alqassim has resigned from office of a Non-Executive Director due to his other business commitments to the Dubai Group of which he was the nominated representative to the Board. Mr. Iskander, the Alternate Director of Mr. Alqassim, has ceased to act subsequent to the resignation of Mr. Alqassim.

Following the resignation of Mr. Alqassim, Mr. Cimino has been appointed as a Non-Executive Director as replacement and Mr. Iskander, the former Alternate Director of Mr. Alqassim, has been appointed as Mr. Cimino's Alternate Director. Mr. Cimino is currently the chief executive officer of Dubai Group LLC and was formerly the chief operating officer and the managing director of Finance of Dubai Group since 2008.