The board of directors of Hong Kong Ferry (Holdings) Company Limited announced that Ir. Dr. Ho Chi Shing, David, will cease to serve as the Group General Manager of the Company after 15 October 2021 upon reaching the retirement age of 65. Ir. Dr. Ho joined the Company in 1981 and has been the Group General Manager since 1996. The Board hereby expresses its gratitude towards Ir. Dr. Ho for his contribution to the Company's development during his tenure of office. The Board further announces that with effect from 4 October 2021, Mr. Gabriel Lee will be appointed as the Group General Manager of the Company. Mr. Lee's biographical details are set out below: Mr. Gabriel Lee has 20 years of experience in business management. Mr. Lee served as an executive director of EC Healthcare (Stock Code: 2138), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") since its listing in March 2016, and acted as its chief operating officer since April 2014, and has tendered his resignation from such positions with effect from 1 October 2021.