The board of Directors of CK Asset Holdings Limited announced that the Chairman of the Company, Mr. Li Ka-shing will, with effect from the conclusion of the annual general meeting of the Company to be held on 10th May, 2018, retire from his position as Chairman and Executive Director and member of the Remuneration Committee of the Company. The Board has requested and Mr. Li has agreed to serve as Senior Advisor of the Company. Further, the Board announced that it has proposed and elected, with effect from the conclusion of the 2018 AGM, Mr. Li Tzar Kuoi, Victor, who has worked at the CK Group for 33 years, to succeed as Chairman and member of the Remuneration Committee whilst continuing with his present role as Managing Director of the Company. A further announcement will be made by the Company in accordance with Rule 13.51(2) of the Listing Rules when the appointment of Mr. Li Tzar Kuoi, Victor as Chairman takes effect.