Hang Seng Bank Limited announced Dr. Raymond K F Ch'ien has retired as an Independent Non-executive Director ("INED") of the Bank and ceased to be the Chairman of the Board and Nomination Committee, and a member of the Remuneration Committee. Dr. Eric K C Li has also retired as an INED of the Bank and ceased to be the Chairman of the Audit Committee and a member of the Risk Committee. Dr. Ch'ien and Dr. Li have retired as INEDs of the Bank in order to devote more time to their other commitments and areas of interest. Ms Irene Y L Lee, currently an INED of the Bank, has succeeded Dr. Ch'ien as the Chairman of the Board and Nomination Committee, and a member of the Remuneration Committee of the Bank, all with effect from 27 May 2021. Simultaneously, she has been re-designated as a member of the Risk Committee and remains a member of the Audit Committee. Mr. Clement K M Kwok, Managing Director and Chief Executive Officer of The Hongkong and Shanghai Hotels, Limited, has been appointed as an INED, and the Chairman of the Audit Committee of the Bank.