The board of directors of Shui On Land Limited announced that with effect from 1 July 2023: Mr. Gregory Kam Leung SO will be appointed as an Independent Non-executive Director of the Company and as a member of the Audit and Risk Committee of the Company, and Ms. Randy Wai Sze LAI ("Ms. Lai") will be appointed as an Independent Non- executive Director of the Company and as a member of the Sustainability Committee of the Company. Mr. Gregory Kam, aged 64, was appointed as the Undersecretary for Commerce and Economic Development of the third term Government of the Hong Kong Special Administrative Region ("HKSAR") on 1 June 2008. He was then appointed as the Secretary for Commerce and Economic Development on 28 June 2011.

On 1 July 2012, Mr. So was again appointed as the Secretary for Commerce and Economic Development of the fourth term Government of the HKSAR until 30 June 2017. The Commerce and Economic Development Bureau is responsible for various policy matters including Hong Kong's external commercial relations, inward investment promotion, intellectual property protection, industry and business support, tourism, consumer protection, competition, information technology, telecommunications, broadcasting, development of innovation and technology (until November 2015), film-related issues, and creative industries. Ms. Randy Wai, aged 51, has a wealth of working experience in the food and beverage industry.

She has been the Chief Executive Officer of MHK Restaurants Limited since August 2017 and was the first local female Managing Director of McDonald's Restaurants (Hong Kong) Limited, serving from May 2011 to July 2017. Ms. Lai serves as a member of the board of directors of Ronald McDonald House Charities Hong Kong Limited and is responsible for leading the Charity in providing comprehensive support for seriously ill children and their families. Ms. Lai has been an Adjunct Associate Professor at the Department of Marketing of The Chinese University of Hong Kong since 2012.

Ms. Lai obtained a Bachelor's degree in Arts from Western University in Canada, and a Master's degree in Business Administration from The Chinese University of Hong Kong.