Appointed as the chairman of the Board and an executive Director in January 2026. Dr. Cheng is a member of the executive committee of the Board. He was appointed as a director of New World Development Company Limited (“NWD” and together with its subsidiaries, including the Company, the “NWD Group”), which is a listed public company in Hong Kong and a substantial shareholder of the Company in October 1972, an executive director of NWD in 1973, became the managing director of NWD from 1989 and the chairman of NWD from March 2012. He is the chairman and executive director of CTF Services Limited (formerly known as NWS Holdings Limited) and Chow Tai Fook Jewellery Group Limited, and the chairman and non-executive director of FSE Lifestyle Services Limited and i-CABLE Communications Limited, all of them are listed public companies in Hong Kong. Dr. Cheng is a director and honorary chairman of New World China Land Limited (“NWCL”, a wholly owned subsidiary of NWD). He is a director of Cheng Yu Tung Family (Holdings) Limited, Cheng Yu Tung Family (Holdings II) Limited, Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, all of them are substantial shareholders of the Company. Dr. Cheng is the chairman of the Advisory Council for The Better Hong Kong Foundation. He was a Standing Committee Member of the Twelfth Chinese People's Political Consultative Conference of The People's Republic of China. Dr. Cheng was awarded the Gold Bauhinia Star and the Grand Bauhinia Medal in 2001 and 2017 respectively by the Government of the Hong Kong Special Administrative Region.

Appointed as the vice-chairman of the Board and an executive Director in January 2026. Ms. Huang is the chairman of the executive committee of the Board. She was appointed as an executive director of NWD in May 2020, became the chief executive officer of NWD in November 2024. Ms. Huang joined the NWD Group in October 2015 and successively served as the deputy chief executive officer of NWCL and director & chief executive officer of NWCL. Currently, she is a director of NWCL. She has over 20 years of experience in the real estate sector, having served in a consulting capacity for large-scale urban infrastructures, urban planning and urban renewal in Mainland China for extensive periods, providing the Mainland Government with professional recommendations on property development, urban planning and relevant professional advice. Prior to joining the NWD Group, Ms. Huang held senior position with an international consulting firm. She was appointed as managing director (Southern China) of a Hong Kong-listed property developer, overseeing its property development throughout the southern China region. She has proven experience in the development and management of China's real estate sector. Ms. Huang is the vice chairman and executive member of the 3rd China Charity Alliance (CCA). She has been honoured with the title of “Guangzhou Honorary Citizen” (the 17th batch), and serves as a member of the 12th Guangdong Provincial Committee of the Chinese People's Political Consultative Conference (CPPCC), a standing committee member and the deputy director of the Hong Kong, Macao and Taiwan Commission as well as the convener of the Hong Kong delegation of the 13th Guangdong Provincial Committee of the CPPCC.

Appointed as an executive Director in May 2021. She was the Joint Chief Executive Officer and has been re-designated as a Chief Executive Officer since 1 July 2023. Ms. Xie joined the Company in 2001. She is a member of the executive committee, the remuneration committee and the nomination committee of the Board. Ms. Xie is in charge of matters relating to the overall management of the Company, promoting the business development and implementing the operational strategy of the Company. Ms. Xie is also a director and/or legal representative of certain subsidiaries of the Group. Ms. Xie graduated from East China University of Political Science and Law and obtained an EMBA degree from China Europe International Business School. She has over 20 years of managerial experience at large-scale corporate chain stores. She has extensive experience in the management of legal affairs, structuring of corporate risk management system, corporate governance, project management and planning. Ms. Xie is also experienced in areas such as formulating human resources strategy, planning staff development and training, as well as corporate administrative management.

Appointed as a non-executive Director in May 2021 and re-designated as an executive Director in June 2025. Ms. Chiu is a member of the executive committee, the remuneration committee and the nomination committee of the Board and is responsible for overseeing the corporate services of the Company. Ms. Chiu is also a director of certain subsidiaries of the Group. She was appointed as an executive director of NWD in May 2020. Ms. Chiu joined the NWD Group in 2004 and is currently the senior director of Corporate Services of NWD. Ms. Chiu is responsible for corporate services of the NWD Group including human resources, administration and information technology. Prior to joining the NWD Group, she had taken up managerial role in renowned corporations in information and communications technology services and property development industries. Ms. Chiu graduated from The Chinese University of Hong Kong. She is an Associate Member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute. Ms. Chiu possesses over 20 years of experience in human resources and corporate management. Ms. Chiu is a member of the Employees Retraining Board and Advisory Committee of the Partnership Fund for the Disadvantaged, Social Welfare Department.

Appointed as an executive Director in June 2025. Mr. Lau is a member of the executive committee, the remuneration committee and the nomination committee of the Board and is responsible for overseeing the financial management of the Company. Mr. Lau is also director of certain subsidiaries of the Group. He joined NWD in June 2020 and is currently an executive director, chief financial officer and joint company secretary of NWD. Mr. Lau is responsible for finance, accounting, treasury, tax, mergers & acquisitions, company secretarial matters and investor relations of the NWD Group, and is also a director of certain subsidiaries of the NWD Group. Prior to joining NWD, Mr. Lau was the chief financial officer of a Chinese property developer with business focus in Greater Bay Area. He held various senior positions in equity capital markets and global credit trading with global investment banks prior to his CFO career. Mr. Lau is a member of the Advisory Committee of the Accounting and Financial Reporting Council, Governance Professionals Panel of Hong Kong Chartered Governance Institute, Advisory Council of Climate Governance Initiative Hong Kong, Advisory Board of Hong Kong Investor Relation Association, Fundraising and Social Enterprise Committee of The Neighbourhood Advice-Action Council, Finance Committee of Scout Association of Hong Kong, HKI Regional Scout Foundation Fund, Finance and Strategy Committee of Hong Kong Football Association and Career Development Advisory Board of the School of Humanities and Social Science at the Hong Kong University of Science and Technology. Mr. Lau received his Bachelor of Business Administration in Finance (with Distinction) and Master of Accounting (with Distinction) from the Ross School of Business at the University of Michigan-Ann Arbor in 2001 and 2002 respectively. He is also a U.S. Certified Public Accountant (Licensed in Michigan) and a Fellow of Hong Kong Institute of Directors.

Appointed as an executive Director in June 2025. Mr. Chan is a member of the executive committee, the remuneration committee and the nomination committee of the Board and is responsible for overseeing the operation of the Company. Mr. Chan is also a director of certain subsidiaries of the Group. He joined the NWD Group in January 2000 as Shenyang Regional Financial Controller of NWCL and successively served as Shenyang Regional Chief Executive, Regional Chief Executive, North China, General Manager of North China and Northeast China; and the Chief Operating Officer of NWCL. Currently, Mr. Chan is an executive director of NWD and the Chief Executive Officer of NWCL. He holds a Bachelor Degree in Business Administration from the Chinese University of Hong Kong, and has over 25 years of experience in real estate development in the PRC. Mr. Chan is a Committee Member of the 16th Chinese People's Political Consultative Conference of Shenyang. Prior to joining the NWD Group, Mr. Chan worked for an international accounting firm in Hong Kong. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants of the United Kingdom.