The board of directors of HKBN Ltd. announced that Mr. Chu Kwong YEUNG, an Executive Director of the Company, ceased to be a member of the Remuneration Committee of the Company with effect from 20 February 2023 due to pursuance of higher independence in the Remuneration Committee. After Resignation, the Remuneration Committee comprises one Non-executive Director and three Independent Non-executive Directors. Mr. Yeung is no longer a member of any Board Committees of the Company, but he remains to be the Executive Director of the Company.

As at the date of this announcement, the Board comprises: Executive Directors: Mr. Chu Kwong YEUNG and Mr. Ni Quiaque LAI; Non-executive Directors: Mr. Agus TANDIONO, Ms. Shengping YU and Mr. Zubin Jamshed IRANI; Independent Non-executive Directors: Mr. Bradley Jay HORWITZ (Chairman), Ms. Edith Manling NGAN, MH, Mr. Stanley CHOW and Mr. Quinn Yee Kwan LAW, SBS, JP.