The board of directors of Hong Kong Aerospace Technology Group Limited announce that with effect from 16 July 2021, each of Mr. Lam Kin Fung Jeffrey GBS, JP and Ms. Ku Ka Lee Clarie has been appointed as an executive Director; Dr. Yip Chung Yin JP has been appointed as a non-executive Director; and each of Mr. Brooke Charles Nicholas GBS, JP, Mr. Hung Ka Hai Clement and Mr. Lo Chi Chung William has been appointed as an independent non-executive Director. Mr. Lam, aged 69, is the managing director of Forward Winsome Industries Limited. Ms. Ku, aged 64, was an administrative officer in the HKSAR government. Ms. Ku was the former Deputy Secretary for Financial Services & the Treasury and contributed to formulation of monetary and financial policies. During her service in the HKSAR government, Ms. Ku had also taken up other senior positions dealing with trade and industrial development, energy, housing, and district administration. Dr. Yip, aged 58, is the managing director of G.E.W. International Corporation Limited (``GEW''). GEW is an electrical appliances manufacturer with original equipment manufacturing (OEM), original design manufacturing (ODM) and original brand manufacturing (OBM) business. Mr. Brooke is a recognised authority on land administration and planning matters and has over 40 years of experience within the property industry, both as a principal and an advisor. He has been involved in a large number of projects in various geographical locations, playing a major role in the development and funding of complex mixed-use projects and the identification of innovative solutions to public and private sector initiatives. Mr. Hung served as the Guangzhou Institute of Certified Public Accountants consultant from 2004 to 2014. He also served as a member of the Political Consultative Committee of Luohu District, Shenzhen, China from 2006 to 2011. After his retirement as the chairman of Deloitte China, he was appointed as an expert consultant of The Ministry of Finance in the People's Republic of China. Mr. Hung is a life member of The Institute of Chartered Accountants in England and Wales. Mr. Lo was an executive director for finance of Airport Authority Hong Kong from 2010 to 2020. He was the group senior director for finance and administration of Vitasoy International Holdings Limited (stock code: 345), the shares of which are listed on the Main Board of the Stock Exchange, from 2007 to 2010. Mr. Lo was an executive director of K. Wah International Holdings Limited (stock code: 173) and Galaxy Entertainment Group Limited (stock code: 27), the shares of both of which are listed on the Main Board of the Stock Exchange, from 2003 to 2007. He was an executive director and the company secretary of Group Sense (International) Limited (stock code: 601), the shares of which are listed on the Main Board of the Stock Exchange, from 1993 to 2003. Prior to that, he was the commercial manager and financial controller of Siemens Hong Kong from 1990 to 1993. The Board announce that with effect from 16 July 2021, Mr. Liao Pin-tsung has resigned as an executive Director, as he wishes to better allocate his time for his business; Ms. Chen Xiaoyuan has resigned as an executive Director but she will remain as director and/or supervisor of indirect wholly-owned subsidiaries of the Company, as she wishes to focus on the operations of the Group; Mr. Cheng Bin has resigned as an executive Director but he will remain as director and/or supervisor of indirect wholly-owned subsidiaries of the Company, as he wishes to focus on the operations of the Group; Mr. Wu Chi-luen has resigned as an independent non-executive Director, as he intends to devote more time to his other business development; Mr. Chan Chung Kik, Lewis has resigned as an independent non-executive Director, as he intends to devote more time to his other business development; and Mr. Chow Kit Ting has resigned as an independent non-executive Director, as he intends to devote more time to his other business development. The Board announce that with effect from 16 July 2021: Mr. Wu Chi-luen has resigned as the chairman of the audit committee of the Board (the ``Audit Committee''); and each of Mr. Leung Kwong Ho and Mr. Chow Kit Ting has resigned as a member of the Audit Committee. Mr. Lo Chi Chung William has been appointed as the chairman of the Audit Committee; and each of Mr. Brooke Charles Nicholas GBS, JP and Mr. Hung Ka Hai Clement has been appointed as a member of the Audit Committee. Mr. Leung Kwong Ho has resigned as the chairman of the remuneration committee of the Board (the ``Remuneration Committee''); and Mr. Chan Chung Kik, Lewis has resigned as a member of the Remuneration Committee. Mr. Hung Ka Hai Clement has been appointed as the chairman of the Remuneration Committee; and Mr. Brooke Charles Nicholas GBS, JP has been appointed as a member of the Remuneration Committee. Each of Mr. Leung Kwong Ho and Mr. Chow Kit Ting has resigned as a member of the nomination committee of the Board (the ``Nomination Committee''). Each of Mr. Hung Ka Hai Clement and Mr. Lo Chi Chung William has been appointed as a member of the Nomination Committee.