Wharf Real Estate Investment Company Limited announced the appointment of Mr. Desmond Luk Por LIU ("Mr. Liu") as an additional Independent Non-executive Director ("INED") and a member of the Audit Committee of the Company effective from 18 July 2022. Mr. Liu, aged 68, graduated from the International Christian University of Japan in June 1978 with a Bachelor of Arts degree and the Wharton School of University of Pennsylvania in the United States in May 1980 with a Master of Business Administration degree. Mr. Liu's career in banking and financial institutions has spanned over 35 years.

At Standard Chartered Bank (Hong Kong) Limited from 2012 to 2017, his last position was regional head, private banking, Greater China and North Asia. At The Hongkong and Shanghai Banking Corporation Limited from 2007 to 2011, he was regional head, private banking, North Asia, including Greater China and the Philippines. Previously, he was head of private banking of DBS Bank (Hong Kong) Limited and managing director and senior vice president of Dryden Wealth Management (Hong Kong) Limited (formerly known as Prudential Bache Securities, a subsidiary of Prudential Insurance Company of America).

Prior to that, he also worked in Citibank and Lehman Brothers. Mr. Liu is currently the vice chairman and executive director of Venture Smart Asia Limited as well as its responsible officer of Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities under the Securities and Futures Ordinance ("SFO"). He has been a member of the Accreditation and Exemption Committee of Private Wealth Management Association since January 2018.

Mr. Liu was a member of the Equal Opportunities Commission from May 2005 to May 2009. He was also a member and a consultant of the Examinations Committee of the Hong Kong Securities and Investment Institute ("HKSI Institute") from 2003 to 2005 and served on the Corporate Advisory Council of the HKSI Institute for three terms from 2010 to 2013.