The board of directors of Shenzhen Investment Holdings Bay Area Development Company Limited announced that in order to focus on other commitments, Mr. Brian David Man Bun LI (Mr. LI) will retire as an independent non-executive director of the company and will not stand for re-election at the company's annual general meeting to be held at 19 May 2023, and at the same time cease to be a member and the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the company.