Company Board and Committee Changes

Hongkong Land Hldgs Ltd

28 October 2024

 

HONGKONG LAND HOLDINGS LIMITED

COMPANY BOARD AND COMMITTEE CHANGES

Hongkong Land Holdings Limited (the 'Company') is pleased to announce the following changes to the Board:

John Witt will be appointed as Chair of the Board of the Company. He will succeed Ben Keswick who will step down as Chair and Director. John will be appointed as Chair of its Remuneration and Nominations Committees while Ben will step down from the same Committees.

Christina Ong will step down from the Board.

Following these changes, the composition of the Board will be:

John Witt	Chairman
Michael Smith	Executive Director
Craig Beattie	Executive Director
Lily Jencks	Non-executive Director
Adam Keswick	Non-executive Director
Stuart Grant	Independent Non-executive Director
Lincoln Leong	Independent Non-executive Director
Ming Mei	Independent Non-executive Director

Committees

Ming Mei, who joined the Board on 10 October 2024, will be appointed to the Company's Remuneration and Nominations Committees, while Graham Baker will step down from the Remuneration Committee, and Adam Keswick will step down from the Nominations Committee.

No changes are being made to the composition of the Audit Committee.

An Investment Committee of the Board will be established to advise on material strategic decisions relating to capital expenditures, partnerships and transactions.  This committee will consist of John Witt, Ming Mei and Stuart Grant.

Commenting on these changes, Ben Keswick, current Chair of the Company said:

"I would like to thank Christina Ong for the significant contribution she has made over the past six years to the Board and to the growth of the business, and wish her well for the future.

The changes we are making to the Board and its Committees are part of ongoing initiatives across the Jardines group to enhance governance, improving decision making and bringing in relevant expertise to support management as they execute their strategy and build long-term shareholder value."

All changes will be effective from 28 October 2024.

Jonathan Lloyd, Jardine Matheson Limited

For and on behalf of Hongkong Land Holdings Limited

28 October 2024

www.hkland.com

 

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