The board of directors of Tai Sang Land Development Limited announced that Mr. Ted Mok Tat Hung (Mr. Mok), who is presently the Chief Executive, has retired with effect from 15th June 2017. Mr. Mok has confirmed to the Board that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company. Mr. William Ma Ching Wai (Mr. Ma), the existing Chairman, an Executive Director and the chairman of the Nomination Committee of the Company, has been appointed as the Chief Executive with effect from 15th June 2017. Mr. Ma, aged 63, joined the Company and appointed a Director in 1974. Appointed Chairman of the Board of Directors in 1984. He is the chairman of the Nomination Committee of the Company. He is also a director of certain subsidiaries of the Company. He is currently the chairman of the board of directors of Kam Chan & Company, Limited and Holston Investment Company Limited which are the substantial shareholders of the Company and the chairman of board of directors of Tai Sang Bank Limited.