The board of directors of the New Century Real Estate Investment Trust announced that Mr. Chow Wing Sing ("Mr. Chow") has been appointed as the investment and investor relations manager and a member of the Finance and Investment Committee of the REIT Manager with effect from 9 April 2018. Following the appointment of Mr. Chow, the Finance and Investment Committee comprises three members, including Mr. Cheung Yat Ming, executive director and chief executive officer, Ms. Ho Wai Chu, chief operating officer, and Mr. Chow, which is in compliance with the corporate governance policy of the REIT Manager. There is no change in the composition of the Board. It is proposed that Mr. Chow be appointed as responsible officer of the REIT Manager as soon as possible. Prior to his appointment as the investment and investor relations manager of the REIT Manager, Mr. Chow, aged 49, was a senior asset manager at Shun Tak Holdings Limited, from 2015 to 2016.