The board of directors of Kerry Properties Limited announced that Mr. Au Hing Lun, Dennis ("Mr. Au") has tendered his resignation from the Board as an Executive Director as a result of his departure from the Company as the Deputy Chief Executive Officer with effect from 31 July 2024 to pursue other endeavours. Upon the effective date of his resignation, Mr. Au will cease to be a member of each of the Executive Committee and Finance Committee of the Company. Mr. Au has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.