The Board of Directors of Lai Sun Development Company Limited (Company) announced that Mr. Leung Wang Ching, Clarence (Mr. Leung) has been appointed an independent non-executive director of the Company with effect from 1 August 2018. Mr. Leung does not have a service contract with the Company and is due to retire at the next annual general meeting of the Company for re-election thereat. He will then be subject to retirement by rotation once every three years and will be eligible for re-election at future annual general meetings of the Company, in accordance with the provision of the Articles of Association of the company. He is a director of Sun Hing Knitting Factory Limited and an independent non-executive director of Hingtex Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited.