Kerry Properties Limited announce that Mr. Kuok has been elected as the Chairman of the Company and appointed as the chairman of the Nomination Committee of the Company with effect from the conclusion of the AGM whilst continuing with his present role as the Chief Executive Officer of the Company. Mr. Kuok, aged 43, is also a member of the Company's Remuneration Committee, Finance Committee and Executive Committee. Mr. Kuok has been the Vice Chairman and the Chief Executive Officer of the Company since June 2019 and a Non-executive Director of the Company from June 2015 to May 2019.

The Board further announced that Mr. Cheung and Mr. Chum have been appointed as INEDs of the Company and members of the Audit and Corporate Governance Committee of the Company with effect from the conclusion of the AGM. Mr. Cheung, aged 50, is the executive director of Charities & Community at The Hong Kong Jockey Club ("HKJC") since 2014 and responsible for the HKJC Charities Trust. He is also the co-chair of the Hong Kong Chapter of the United Nations' Sustainable Development Solutions Network and the co-founder of RunOurCity, an innovative social enterprise with the aim of transforming life through running.

Prior to joining the HKJC, Mr. Cheung was an operating partner at Bain Capital. Prior to that, he was the managing director of Global Sourcing & Supply Chain at Esquel Group, and a senior consultant at the Boston Consulting Group. Mr. Cheung serves as the chairperson of the Hong Kong Special Administrative Region Government's Committee on Reduction of Salt and Sugar in Food, and a director of Hong Kong Mortgage Corporation Limited.

Mr. Chum, aged 46, is the chief operating officer and an executive director of Sands China Ltd. Prior to joining the Las Vegas Sands group in 2013, Mr. Chum spent 14 years at UBS Investment Bank in a variety of roles, including serving as managing director, head of Hong Kong Equity Research and head of China Equity Research.