The Board of Directors (the "Board") of Hang Seng Bank Limited (the "Bank") announced the following prospective changes to the Board composition of the Bank. Dr. Eric Ka Cheung Li will retire as Independent Non-executive Director ("INED") of the Bank and will cease to be the Chairman of the Audit Committee and a Risk Committee member, all with effect from 27 May 2021, in order to devote more time to his other commitments and areas of interest. Mr. Clement King Man Kwok, Managing Director and Chief Executive Officer of The Hongkong and Shanghai Hotels, Limited, will be appointed as an INED, and the Chairman of the Audit Committee of the Bank, both with effect from 27 May 2021.