Capital Estate Limited announced the following changes to the Board: Mr. Hung Ka Hai, Clement ("Mr. Hung ") has been appointed as independent non-executive Director of the Company with effect from 12 April 2024. Mr. Hung, aged 68, obtained a bachelor of arts degree from the University of Huddersfield (now known as University of Lincoln), United Kingdom in 1980. Mr. Hung had served Deloitte China for 31 years where he had assumed various leadership roles before serving as chairman of Deloitte China from 2014 to 2016. He retired from Deloitte China with effect from June 2016. While working with Deloitte China, Mr. Hung assumed various leadership roles, including the managing partner of Deloitte Shenzhen office and Guangzhou office. He was also a member of the China management team of Deloitte China. Mr. Hung was head of audit of South China and deputy managing partner of South China (including Hong Kong, Macau, Shenzhen, Guangzhou, Xiamen and Changsha). He was also a board member of Deloitte Global. Mr. Hung served as the Guangzhou Institute of Certified Public Accountants consultant from 2004 to 2014. During the period between 2006 to 2011, he also served as a member of the Political Consultative Committee of Luohu District, Shenzhen. After his retirement as the chairman of Deloitte China, he was appointed as an expert consultant of the Ministry of Finance in the People's Republic of China. Mr. Hung is a life member of The Institute of Chartered Accountants in England and Wales. Mr. Hung is serving as a director of each of the following listed companies whose shares are listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange"): a non-executive director of High Fashion International Limited (stock code: 608) since 1 December 2017; an independent non-executive director of China East Education Holdings Limited (stock code: 667) since 25 November 2018; an independent non-executive director of Starjoy Wellness and Travel Company Limited (stock code: 3662) since 22 February 2019; an independent non-executive director of Huarong International Financial Holdings Limited (stock code: 993) since 13 December 2019; an independent non-executive director of Skyworth Group Limited (stock code: 751) since
18 March 2020; an independent non-executive director of Hong Kong Aerospace Technology Group Limited (stock code: 1725) since 16 July 2021; and an independent non-executive director of JX Energy Ltd. (stock code: 3395) since 1 August 2023. Mr. Hung has served, in the past three years, as a director of each of the following companies whose shares are listed on the Stock Exchange: an independent non-executive director of Tibet Water Resources Ltd. (stock code: 1115) from 31 December 2019 to 30 June 2021; an independent non-executive director of SY Holdings Group Limited (stock code: 6069) from 19 June 2017 to 15 July 2022; and an independent non-executive director of Gome Finance Technology Company Limited (stock code: 628) from 31 October 2016 to 12 December 2023. Mr. Hung also serves as an independent supervisor of Ping An Insurance (Group) Company of China Limited whose shares are listed both on the Stock Exchange and Shanghai Stock Exchange (stock code: 2318 and stock code: 601318, respectively) since 18 July 2022. The Board considered and accepted the recommendation from the nomination committee of the Board to appoint Mr. Hung as independent non-executive director, chairman of the audit committee and member of each of the nomination committee and the remuneration committee, after reviewing his qualification and working experience. The Board further announces that with effect from 12 April 2024, (i) Mr. Yeung Chi Wai has been redesignated as a member of the audit committee; and (ii) Mr. Hung has been appointed as
the chairman of the audit committee and a member of each of the nomination committee and the remuneration committee.