The Board of Hong Kong Aerospace Technology Group Limited announced that with effect from 3 January 2022, each of Professor Chan Ka Keung, Ceajer GBS, JP and Dr. Yuen Kwok Keung GBM, JP has been appointed as an independent non-executive Director. The Board announces that with effect from 3 January 2022, Mr. Lo Chi Chung William has resigned as an independent non-executive Director. The Board announced that with effect from 3 January 2022, Dr. Lam Lee G. BBS has been re-designated as an executive Director.

The Board announced that with effect from 3 January 2022: Mr. Lo Chi Chung William has resigned as the chairman of the Audit Committee. Mr. Hung Ka Hai Clement has been appointed as the chairman of the Audit Committee; and each of Professor Chan Ka Keung, Ceajer GBS, JP and Mr. Leung Kwong Ho SBS, JP has been appointed as a member of the Audit Committee. Nomination Committee: Mr. Lo Chi Chung William has resigned as a member of the Nomination Committee.

Each of Dr. Lam Lee G. BBS, Mr. Leung Kwong Ho SBS, JP and Dr. Yuen Kwok Keung GBM, JP has been appointed as a member of the Nomination Committee. Remuneration Committee: Mr. Hung Ka Hai Clement has resigned as the chairman of the Remuneration Committee. Professor Chan Ka Keung, Ceajer GBS, JP has been appointed as the chairman of the Remuneration Committee; and Dr. Yuen Kwok Keung GBM, JP has been appointed as a member of the Remuneration Committee.

Prof. K.C. Chan, aged 64, is the chairman and a non-executive director of WeLab Bank Limited and Senior Advisor of WeLab Holdings Limited. Dr. Yuen is an independent non-executive director of China Shenhua Energy Company Limited (stock code: 1088), a senior barrister with Temple Chambers and he is also a committee member of the International Commercial Expert Committee of the International Commercial Court of the Supreme People's Court of the People's Republic of China, the co-chair of the Hong Kong International Arbitration Centre and a member of the Exchange Fund Advisory Committee.