Capital Estate Limited announced Mr. Leung Kam Fai ("Mr. Leung") resigned as independent non-executive Director, the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee with effect from 15 June 2022 due to his other business commitments. Mr. Chan Shu Yan, Stephen ("Mr. Chan") has been appointed as independent non-executive Director, the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company with effect from 15 June 2022. Mr. Chan, aged 39, is an independent non-executive director of Vistar Holdings Limited.

Mr. Chan is a registered architect in the Netherlands. He graduated from the University of Hong Kong with Bachelor of Arts in Architectural Studies, and Delft University of Technology, The Netherlands with Master of Science in Architecture, Urbanism and Sciences, respectively. Since 2015, Mr. Chan co-founded a design services studio in Hong Kong named AaaM Limited, to provide services on architecture, interior design, and master planning projects, and to promote architectural culture by engaging with the public as curator and columnist on both online and paper media platforms. Mr. Chan is currently a serving Director of AaaM Limited.

Prior to this, Mr. Chan was employed by UNStudio (Shanghai) Limited from February 2011 to December 2014 and served with UNStudio Hong Kong Limited from January 2015 to March 2017 as an associate director/senior architect. He was also serving as guest lecturer for the University of Nottingham Ningbo China in the academic year 2020 and 2021.