The Board of Directors of Hong Leong Asia Ltd. announced that Mr. Ernest Colin Lee who has served on the Board for more than nine years and would be retiring by rotation in accordance with the Company's Constitution, has given notice that he would not be seeking re-election as a Director at the Company's annual general meeting to be held in April 2021 ("2021 AGM"). Upon the conclusion of the 2021 AGM, he would also cease to be the Lead Independent Director ("Lead ID"), the chairman of the Nominating Committee ("NC"), the Remuneration Committee ("RC") and the Hong Leong Asia Share Option Scheme 2000 Committee ("SOSC") as well as a member of the Audit and Risk Committee.