The Board of Directors (the "Board") of Kerry Properties Limited (the "Company") announced the following management changes, effective 1 September 2020: Mr. Wong Chi Kong, Louis, currently Chief Financial Officer of the Company, will be appointed to the position of Senior Vice President of the CEO Office. In his new role, Mr. Wong's responsibilities will comprise the business development and general management of the Company's operations in North China, as well as special projects and new initiatives in Mainland China. Mr. Wong will remain as an Executive Director of the Company; and Ms. Serene Nah, currently Chief Strategy Officer of the Company, will be appointed to the position of Chief Financial Officer, reporting to the Chief Executive Officer of the Company. In addition to her current scope covering strategy, business development and technology and innovation, Ms. Nah will also oversee finance, investor relations, internal audit, legal and compliance.