CAI Corp — Board/Management Information 2013

Apr 11, 2013

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

CHANGES OF DIRECTORS

Harbour Centre Development Limited (the “ Company ”; together with its subsidiaries, the “ Group ”) announces that, all effective from 11 April 2013:-

• (1) Mr. NG Tze Yuen (“ Mr. Ng ”) has resigned as a non-executive director of the Company;

• (2) Ms. LENG Yen Thean (“ Ms. Leng ”) has resigned as a non-executive director of the Company; and

• (3) Mr. CHAN Kwok Pong (“ Mr. Chan ”) has been appointed a non-executive director of the Company.

Mr. Chan, aged 52, joined the group of The Wharf (Holding) Limited (“ Wharf ”), of which the Company is a subsidiary, in 1993. He has been involved in various property development projects of the Wharf group in both China and Hong Kong. He is currently a director of Wharf China Development Limited, a fellow subsidiary of the Company, and is responsible for the planning, project management and construction of new commercial property projects of the Wharf group in China. Mr. Chan graduated from the Polytechnic University of Hong Kong with Associateship in Civil & Structural Engineering. He is a member of the Hong Kong Institution of Engineers as well as the Institution of Civil Engineers, UK and also a chartered engineer of the Engineering Council UK.

Mr. Chan does not at present, nor did he in the past three years, hold any directorship in any other listed public company. Save as disclosed above, he does not have any relationship with any directors, senior management or any substantial or controlling shareholders of the Company. He does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in any securities of the Company. Mr. Chan will receive from the Company a director’s fee at the rate from time to time approved by shareholders of the Company, such rate presently being HK$40,000 per annum as approved by the shareholders in 2008. Directors’ fees at the same rate are also payable to various other directors, including independent non-executive directors (“ INEDs ”), of the Company. There exists no service contract between the Group and Mr. Chan, and therefore no emolument is payable to him by the Group apart from the abovementioned director’s fee. In relation to the appointment of Mr. Chan, there is no information which is discloseable nor has he ever been

Harbour Centre Development Limited - Announcement (11 April 2013)

involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under papagraph 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, he will hold office until he retires from the board of directors (the “ Board ”) of the Company at the Annual General Meeting of the Company to be held on 27 May 2013.

Mr. Ng is an executive director of Wharf and has served as a non-executive director of the Company since 1994. Concurrently with her resignation, Ms. Leng has been appointed as a director of Wharf. Mr. Ng and Ms. Leng decided to resign from the Company’s Board in order to devote more time to Wharf’s business. Both have confirmed that they have no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the Company in respect of their resignations.

Following the abovementioned changes to the Board, the Board comprises Mr. Stephen T. H. Ng, Mr. Kevin K. P. Chan, Mr. Paul Y. C. Tsui and Hon. Frankie C. M. Yick, together with five INEDs, namely, Dr. Joseph M. K. Chow, Mr. H. M. V. de Lacy Staunton, Hon. Andrew K. Y. Leung, Mr. Michael T. P. Sze and Mr. Brian S. K. Tang.

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

Hong Kong, 11 April 2013

Harbour Centre Development Limited - Announcement (11 April 2013)