The board of directors of Midland Holdings Ltd. announced that Mr. WONG Kin Yip, Freddie, formerly the Chairman, Managing Director and Executive Director of the company, has been re-designated as the Chairman and Executive Director of the company with effect from November 23, 2012. The Board has appointed Mr. WONG Tsz Wa, Pierre ("Mr. Pierre WONG") as the Managing Director and Executive Director of the company with effect from November 23, 2012. The Board has also appointed Mr. CHAN Nim Leung, Leon as the Independent Non-executive Director and member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the company with effect from November 23, 2012.

Currently CHAN is also a non-executive director of three listed companies in Hong Kong, namely Hongkong Chinese Limited, Lippo China.