CAI Corp — Board/Management Information 2010

Jun 30, 2010

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HARBOUR CENTRE DEVELOPMENT LIMITED

(Incorporated in Hong Kong with limited liability) Stock Code: 51

APPOINTMENT OF DIRECTOR

Harbour Centre Development Limited (the “Company” ; together with its subsidiaries, the “Group” ) announces that Ms. Lee Yuk Fong Doreen ( “Ms. Lee” ) has been appointed a Director of the Company effective from 1 July 2010. Ms. Lee will be a Non-executive Director of the Company (but not an Independent Non-executive Director) upon her appointment becoming effective.

Ms. Lee, aged 54, is an executive director of publicly-listed The Wharf (Holdings) Limited ( “Wharf” ; together with its subsidiaries, the “Wharf Group” ) of which the Company is a subsidiary. She joined Wharf Group in 1984 and became its director in 2003. She is also the senior managing director of Wharf China Estates Limited, and the managing director of Harbour City Estates Limited, Times Square Limited and Wharf Estates Limited, all being wholly-owned subsidiaries of Wharf. Ms. Lee is responsible for overseeing all investment properties of the Wharf Group in Hong Kong and the Mainland China, including two core properties in Hong Kong, namely, Harbour City and Times Square, and also four Times Square properties in Shanghai, Chongqing, Wuhan and Dalian respectively. She is also a non-executive director of publicly-listed Joyce Boutique Holdings Limited. She is a graduate of The University of Hong Kong where she obtained her bachelor’s degree in Arts (Hon).

Save as disclosed above, Ms. Lee does not have any relationship with any Directors, senior management or any substantial or controlling shareholders of the Company. She does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in any securities of the Company. Ms. Lee will receive from the Company a director’s fee at the rate of HK$40,000 per annum. This rate of director’s fee is in line with that payable to other Directors, including Independent Non-executive Directors, of the Company. Presently, there exists no service contract between the Group and Ms. Lee, and therefore no emolument will be payable to her by the Group apart from the abovementioned director’s fee. In relation to the appointment of Ms. Lee, there is no information which is discloseable nor has she ever been involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter requiring to be brought to the attention of the shareholders of the Company. In accordance with the provisions of the Company's articles of association, Ms. Lee will hold office until she retires from the Board at the Annual General Meeting of the Company to be held in 2011.

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Harbour Centre Development Limited – Announcement (30 June 2010)

After the abovementioned appointment, the board of Directors of the Company will comprise Mr. Stephen T. H. Ng, Ms. Doreen Y. F. Lee, Mr. T. Y. Ng and Mr. Paul Y. C. Tsui, together with three Independent Non-executive Directors, namely, Mr. H. M. V. de Lacy Staunton, Mr. Michael T. P. Sze and Mr. Brian S. K. Tang.

For HARBOUR CENTRE DEVELOPMENT LIMITED Wilson W. S. Chan Company Secretary

Hong Kong, 30 June 2010

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Harbour Centre Development Limited – Announcement (30 June 2010)