Hysan Development Company Limited, at its annual general meeting to be held on May 13, 2016, will announce that Mr. Nicholas Charles ALLEN, an Independent Non-executive Director (INED), will not stand for re-election at the AGM. He will retire as INED, the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Strategy Committee of the company; Mr. Joseph Chung Yin POON, an INED, will be appointed as the chairman of the Audit Committee of the company; Professor Lawrence Juen-Yee LAU, an INED, will be appointed as a member of the Nomination Committee of the company; and Mr. Hans Michael JEBSEN, a Non-executive Director (NED), will be appointed as a member of the Strategy Committee of the company.